Taiping Reinsurance Co (Taiping Re) announced that it has successfully issued Asia's first dual-peril, dual-trigger catastrophe bond (CAT bond) in Hong Kong.

The bond issue “has achieved effective diversification for the company’s catastrophic risk management”, CEO Yu Xiaodong said in the statement. “It also promotes the interconnection between ...

Taiping Re CEO YU Xiaodong said: “This issuance marks a significant milestone for Taiping Re in accessing the insurance-linked securities (ILS) market. With Hong Kong’s mature capital market ...

The bond features a three-year term. Taiping Reinsurance issued Asia's first dual-perils, dual-triggers catastrophe bond (CAT bond) in Hong Kong. The CAT bond, valued at $35m, was issued through a ...

31.9 x 25.6 cm. (12.6 x 10.1 in.) ...

The bond was priced at the lower end of its indicative offer range. Taiping Re CEO Yu Xiaodong highlighted the significance of the issuance for the company’s catastrophe risk management and its ...