Hong Kong insurance News

Hong Kong’s OneDegree Raises $28 Million in New Round of Funding

OneDegree, a Hong Kong-based insurance technology company, raised $28 million in a new round of funding as the startup looks to expand in Asia. Sun Hung Kai & Co. and AEF Greater Bay Area Fund took part in the series …

Hong Kong Insurers Say Sales Have Fallen to ‘Almost Nothing’ Due to Coronavirus

For Hong Kong insurers, the coronavirus outbreak is a second blow. Already reeling from at-times violent demonstrations that slowed the flood of Chinese travelers — one of the biggest sources of new policyholders — to a trickle, the spread of …

Hong Kong M&As Slump in 2018 with Insurance Sector Deals Hardest Hit

Mergers and acquisitions targeting Hong Kong financial firms have slumped this year, with insurance sector deals particularly hard hit, as China’s moves to tighten capital controls and crack down on corporate debt have driven mainland buyers away. Hong Kong’s financial …

Hong Kong Seeking Talent in Marine Insurance, Cyber Security, Actuarial Science, etc.

If you’re a waste treatment specialist, actuary or naval architect, Hong Kong wants you. The government this week unveiled a talent list to attract skilled workers in 11 professions that the city is seen as needing most. Experts in asset …

Hong Kong Insurance Market Attracts Mainland Chinese Seeking Lucrative Pay

May Zhang, a 28-year-old from the southern Chinese city of Shenzhen, holds a master’s degree in engineering from the University of Oxford, but now makes her living selling insurance in Hong Kong. Drawn by lucrative pay, Zhang is part of …

Hong Kong’s Li Nears $2 Billion Acquisition of ING Units: Reuters

Hong Kong businessman Richard Li, younger son of Asia’s richest man Li Ka-shing, is nearing a deal to buy ING’s Hong Kong and Thailand business for over $2 billion, sources with direct knowledge of the matter told Reuters on Thursday. …