China’s National Financial Regulatory Administration issued new guidance encouraging China-based insurance and reinsurance companies to sponsor reinsurance sidecars in Hong Kong, Artemis reported. Hong Kong has already hosted several catastrophe bond transactions for China-based insurers, including Taiping Reinsurance Company’s $35 million Silk Road Re Ltd. cat bond in December 2024 and PICC Property and Casualty Company Ltd.’s $32 million Great Wall Re Ltd. in 2022.
MSI now owns at least 12.5% of Berkley
December 5, 2025