HSBC’s Wayfoong becomes Hong Kong first captive insurer formed by a multinational enterprise
Reinsurance News - May 13, 2025
HSBC Group has received approval from the Insurance Authority (IA) to set up a captive insurance company, Wayfoong (Asia) Limited, in Hong Kong, which has become the first captive insurer established in the city by a multinational enterprise. A captive insurer is designed primarily to cope with the...
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