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Hong Kong proposes two-year extension to ILS grant scheme


The Hong Kong government has proposed a two-year extension to its pilot insurance-linked securities grant scheme to continue the development of its ILS offering as well as attract issuers of catastrophe bonds and ILS arrangements, Artemis reported. The scheme can provide for as much as $12 million Hong Kong ($1.52 million) of potential ILS or cat bond issuance cost savings for sponsors choosing to be domiciled in the region.

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