On 14 August 2026, the Insurance Authority welcomed the reappointment of Mr Clement Cheung as Chief Executive Officer for a three-year term from 15 August 2026 to 14 August 2029. Chairman Stephen Yiu praised Cheung's stewardship and achievements, including the Risk-based Capital Regime, while Cheung expressed commitment to making Hong Kong a global risk management hub.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
SPOTLIGHT ON
FAMILY OFFICES
Appointment of Chief Executive Officer
On 14 August 2026, the Insurance Authority confirmed the Government's reappointment of Mr Clement Cheung as Chief Executive Officer. The appointment is for a three-year term commencing 15 August 2026 and concluding 14 August 2029.
Chairman's Endorsement and Regulatory Milestones
IA Chairman Mr Stephen Yiu commended Mr Cheung's resolve, perceptiveness, and business acumen in navigating complex external environments fraught with emerging risks and geopolitical tensions. He highlighted the industry's swift recovery from the 2023 pandemic, stellar performance, and contributions to economic growth and social value. Key achievements included the implementation and refinement of the Risk-based Capital Regime, planning and execution of an effective captive strategy, sustained nurturing of the insurance-linked securities market, formation of the marine specialty risks pool, and introduction of enhanced regulatory measures on participating policies.
Strategic Vision
Mr Cheung expressed that he treasures the opportunity to continue working with a talented and dedicated team to forge Hong Kong into a global risk management hub. He emphasized leveraging unique competitive advantages to serve evolving national needs.
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