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International

Hong Kong launches third catastrophe bond

January 03, 2023 Reprints

Chinese insurer PICC Property and Casualty Company Ltd. has sponsored Hong Kong's third catastrophe bond, worth $32.5 million, through a special purpose insurer called Great Wall Re Ltd., Artemis reported. The Great Wall Re cat bond will provide PICC with reinsurance protection against losses from earthquake in China.

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Hong Kong launches third catastrophe bond

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