The Chinese Insurance Regulator published that Chinese insurers can place facultative reinsurance with Klapton Insurance Company Ltd (“KIC”).
This regulatory approval to offer facultative reinsurance solutions to insurance companies in China enables KIC to support Chinese insurers directly or through reinsurance brokers, providing tailored solutions across general insurance, surety, credit, property, engineering, energy, and specialty risks.
This approval is obtained following extensive process made by the Chinese regulatory authorities and represents a key step in KIC’s global expansion strategy. The company recently appointed a dedicated China market lead and plans to open a representative office in Shanghai in Q3 2025.
Yuval Reches, KIC’s Head of Reinsurance leadership stated:
“This regulatory recognition reflects our adherence to the high standards required by Chinese authorities in terms of financial strength, risk management, and corporate governance. It is an important milestone in our commitment to serve the Asian market through partnerships with local insurers, brokers, and agencies.”
“This regulatory recognition reflects our adherence to the high standards required by Chinese authorities in terms of financial strength, risk management, and corporate governance. It is an important milestone in our commitment to serve the Asian market through partnerships with local insurers, brokers, and agencies.”
KIC intends to announce the newly nominated Chinese Market Manager during July 2025.