The Hong Kong Insurance Authority has granted authorization to CNNC Captive Insurance Limited, a captive insurer established by China National Nuclear Corporation. This is the first captive authorized in 2026, bringing the total number of captive insurance companies based in Hong Kong to seven. The Insurance Authority linked the authorization to the role of captives in enterprise risk management and indicated it will pursue opportunities in the Chinese Mainland and other parts of Asia to promote Hong Kong’s captive proposition.
Hong Kong Insurance Authority 2026-03-03
Hong Kong Insurance Authority authorizes CNNC Captive Insurance Limited as the first new captive of 2026
The Hong Kong Insurance Authority has authorized CNNC Captive Insurance Limited, a captive insurer established by China National Nuclear Corporation, marking the first captive authorization in 2026. This brings the total number of captive insurance companies in Hong Kong to seven. The Authority emphasized the role of captives in enterprise risk management and plans to promote Hong Kong’s captive proposition in the Chinese Mainland and Asia.