The Peninsula’s owner and SF Holding set up captive insurers in Hong Kong
The owners of luxury hotel brand The Peninsula and logistics firm SF Holding have gained approval from Hong Kong’s insurance regulator to set up captive insurers, marking the latest step in the city’s drive to develop into a risk management centre. Hong Kong’s Insurance Authority (IA) said on Wednesday that it had granted a licence to HSH Captive, established by The Hongkong and Shanghai Hotels, which owns the Peninsula hotel chain and the popular Peak Tram tourist attraction. It also granted a...
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