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Great Wall Re issues $12 million catastrophe bond for PICC P&C

1 report, 1 independent Updated Oct 7
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Great Wall Re Limited, domiciled in Hong Kong, issued a $12 million floating rate catastrophe bond. This bond provides capital markets backed reinsurance to PICC Property and Casualty Company Limited. This marks the second time PICC P&C has used Great Wall Re, its Hong Kong domiciled special purpose insurer, for a catastrophe bond transaction. The arrangement is estimated to cover natural catastrophe risks in China for roughly one year, maturing on September 30, 2027.

From artemis.bm

Why it matters

Some supportBrind's analysis of the reports

The transaction transfers risk associated with natural catastrophes in China to global capital markets via the bond issuance. This activity reinforces Hong Kong's function as a domiciliation center for insurance-linked securities and catastrophe bonds.

From artemis.bm

Who's involved

  • Hong KongLocation where Great Wall Re is domiciled and where the reinsurance arrangement takes place.
  • ChinaGeographic area where the natural catastrophe risks are covered.

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • ChinaSpeculative

    Might see the risk of natural catastrophe transferred to global capital markets via the bond.

Keep exploring

The entities involved

Coverage

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