Hong Kong and the mainland China city and financial hub of Shanghai are looking to co-operate on a range of financial initiatives, with one of them being insurance-linked securities (ILS).
Representatives of the respective governments, financial regulators and exchanges met last week to discuss how to further enhance financial co-operation between Hong Kong and Shanghai.
Insurance and reinsurance market co-operation is one of the areas of focus, but so too is the area where reinsurance and capital markets collide.
