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International

UK wants China to use its ILS framework for disaster insurance

March 29, 2018 Reprints

The U.K. government wants China to make use of its recently enacted insurance-linked securities regulatory and tax framework to help China access greater disaster insurance or reinsurance protection, Artemis.bm reports. The Chinese and U.K. governments said that they would assess the feasibility of Chinese entities transferring disaster exposure through catastrophe bond issuances in London "when time is proper."

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UK wants China to use its ILS framework for disaster insurance

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