Insight and Intelligence on the London & International Insurance Markets 24 Apr 2018

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QBE in $255mn Hong Kong workers' comp disposal

  • Catrin Shi and Adam McNestrie 19 March 2018
  • QBE has approached the legacy market as it seeks to shed its troubled Hong Kong workers' compensation book, which holds an estimated HK$2bn ($255mn) in reserves, The Insurance Insider has learned.

    Sources told this publication KPMG has been appointed to advise on the process.

    Legacy carriers which have previously shown interest in Asian run-off books include Enstar and Swiss Re. Meanwhile, QBE has worked with Armour for a number of its run-off disposals in the past.

    The Hong Kong workers&...

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