AXA Among First Insurers to Move Legal Domicile to Hong Kong Under New Rules

AXA among first insurers to move legal domicile to Hong Kong under new rules

Under the new law, a company that wants to redomicile to Hong Kong is no longer required to wind up its existing operations.

AXA to Re-Domicile China Business to Hong Kong

Global insurer AXA will look to re-domicile its China business to Hong Kong in a strategic move that is expected to simplify reporting and compliance processes. AXA plans to re-domicile AXA China Region Insurance Company (Bermuda) Limited (ACRIB) from Bermuda to Hong Kong, according to a statement, subject to regulatory approvals. It also proposes to rename ACRIB to AXA China Region Insurance Company (Hong Kong)Limited. The move is not expected …