Hong Kong lands first ILS sidecar with $12 million PICC offshore wind transaction
By Ashish Tiwari Oct 14 (The Insurer) — PICC P&C has completed a $12 million ILS transaction in Hong Kong that uses a reinsurance sidecar to provide quota-share protection for offshore wind farm property insurance business in mainland China, the Hong Kong government said on Wednesday. The transaction is PICC P&C’s inau