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Intertrust assists Neon on launch of UK’s first ILS transaction

Global provider of corporate, fund and capital market services Intertrust has assisted specialist Lloyd’s and Bermuda insurance and reinsurance company Neon Underwriting in the completion and issuance of the first insurance-linked securities transaction in the UK.Neon was the first company to receive approval from the UK’s Prudential Regulation Authority (PRA) read the full article →

Speed-to-market still a sticking point for UK ILS: Clyde & Co

Speed-to-market remains the main sticking point for the United Kingdom's Risk Transformation Regulations 2017 and the Risk Transformation (Tax) Regulations 2017, which constitute the UK's insurance-linked securities (ILS) regulatory regime, according to law firm Clyde & Co.The issue of speed of approval remains the one which could hold back the read the full article →

Neon approved for first UK ILS vehicle NCM Re

Specialist Lloyd’s and Bermuda insurance and reinsurance company Neon Underwriting has now received approval from the UK’s Prudential Regulation Authority (PRA) for the first insurance-linked securities (ILS) vehicle to be launched in the country since its new ILS regulatory regime was introduced.Neon was the first company to put in an read the full article →

Neon reported to be first to make a UK ILS application

Specialist Lloyd’s and Bermuda insurance and reinsurance company Neon Underwriting has become the first to make an official application to undertake an insurance-linked securities (ILS) transaction in the UK, according to a report.With the approval of the UK’s Risk Transformation Regulations 2017 and the Risk Transformation (Tax) Regulations 2017 last read the full article →