AM Best has downgraded the financial strength rating to A (Excellent) from A+ (Superior) and the issuer credit ratings (ICR) to “a+” from “aa-” for Risk Reinsurance (RRL). The outlook for both ratings is stable...
Hong Kong’s Legislative Council has passed Inland Revenue Bill 2013 (Amendment) (No. 3) in order to provide a tax concession for captive insurers to enjoy a 50 percent reduction in the profits tax on their insurance business of offshore risks...
A.M. Best Asia-Pacific has affirmed the financial strength rating of NEWGT Reinsurance Company...
Hong Kong has been making a recent, concerted push to develop its status as a captive domicile...
More than 2,400 business leaders and senior government officials are have attended the first day of the seventh Asian Financial Forum in Hong Kong...
More than 2,000 business leaders and senior government officials are expected to take part in the seventh Asian Financial Forum in Hong Kong...
PineBridge Investments, a global multi-asset class manager, has appointed Stephan van Vliet as head of insurance asset management effective today...
The government of Hong Kong is aiming to slash the tax on captive profits by half, with help from the Inland Revenue...
