Hong Kong reinsurers benefit from preferential rule change

A new regulation that gives preferential treatment to Hong Kong-based reinsurers allowed the territory’s reinsurance industry to expand quickly last year, according to the South China Morning Post. The paper reported that the total gross premium of all reinsurance companies in Hong Kong rose 9.1% to HK$10bn ($1.27bn) in the first nine months of the year, according to data from…

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