Reinsurers expected to shoulder most of $200m loss from Hong Kong fire: AM Best
Reinsurance News - Dec 02, 2025
According to ratings agency AM Best, a material portion of the gross incurred loss, which may exceed $200 million from the deadly Hong Kong apartment (Wang Fuk Court) fire, is expected to be transferred to reinsurers. This is because primary insurers typically rely on a mix of reinsurance arrangemen...
Recommended Articles
Posted: Mar 27, 2026
The data centre industry is evolving into increasingly complex, high-energy-density facilities that...
Posted: Mar 27, 2026
XS Global, an independently owned managing general underwriting (MGU) platform, has announced the ap...
Posted: Mar 27, 2026
The Southeast Asia Disaster Risk Insurance Facility (SEADRIF) Insurance Company, a regional initiati...