SF Holding and The Hongkong and Shanghai Hotels are the latest companies to set up captive insurers in the city, reflecting growing demand for customized risk coverage
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Hong Kong’s insurance regulator has granted captive insurance licenses to Chinese courier giant SF Holding Co. Ltd. and luxury hospitality operator The Hongkong and Shanghai Hotels Ltd., lifting the city’s total number of captive insurers to nine.
The Hongkong and Shanghai Hotels CEO says the move enhances its risk management capabilities and supports its long-term growth.
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