ILS gains attention as climate change felt around the world: HK IA’s Cheung

On announcing the completion of the second catastrophe bond issuance domiciled in Hong Kong, the Insurance Authority’s CEO Clement Cheung explained that insurance-linked securities (ILS) are a focus as they gain increasing attention.

The Insurance Authority said that it welcomes the second issuance of insurance-linked securities (ILS) in Hong Kong.

As we’ve been reporting for a month, reinsurance firm Peak Re, which is headquartered in Hong Kong, sponsored its first ever catastrophe bond and used its local financial marketplace to do so.


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