Hong Kong High Court orders winding up of Tiger Insurance; policyholders may file claims as usual
法院頒令泰加保險有限公司清盤
The High Court of Hong Kong ordered the winding up of Tiger Insurance Company Limited on 26 September 2022 and appointed Lai Kar Yan and Gan Zhongheng of Deloitte as joint and several liquidators. Existing Tiger Insurance policies are not affected by the winding-up order, and policyholders may file claims as usual. Claims arising from motor third-party liability and employees' compensation are estimated to account for about 94% of its insurance liabilities and will be handled by the compensation funds of two bureaus, with the remaining about 6% handled by the liquidators.
The announcement sets out item by item the division of claims handling and enquiry hotlines, and discloses that about 94% of liabilities will be handled by the compensation funds of two bureaus, allowing readers to check arrangements for their own policies.
Source: 保監局·新聞稿 · ia.org.hk