legal

Global law firm Norton Rose Fulbright has expanded its Insurance Transactional and Regulatory team by appointing experienced insurance-linked securities (ILS) figure Bhavna Agnihotri, as senior counsel within its New York office.

Hiscox ILS, the dedicated ILS investment management arm of the global insurance and reinsurance group, has hired Jack Ellison, formerly of Walkers, as its new Head of Legal.

Global financial services focused law firm Walkers has made a new hire in Bermuda with insurance-linked securities (ILS) experience, adding Jack Ellison as a Senior Associate to the insurance team there.

International law firm Willkie Farr & Gallagher LLP has announced the hiring of David Luce, a senior lawyer with significant insurance-linked securities (ILS) experience, as well as experience of a range of alternative risk transfer and financing structures.

Overall, the insurance-linked securities (ILS) market is maturing in an attractive manner but as new sponsors and jurisdictions enter the fold, there’s a need for continued education, according to global law firm Mayer Brown.

A new set of guidance on the treatment of passive foreign investment companies (PFICs) published at the end of last week by the U.S. Internal Revenue Service and Department of the Treasury has been modified so that the active conduct test excludes insurance-linked securities (ILS) funds, as well as other ILS and reinsurance securitization structures.

Experienced insurance-linked securities (ILS), insurtech and reinsurance convergence focused executive and lawyer Michael Halsband has moved firm to join McDermott Will & Emery as a Partner in its New York practice.

The U.S. Internal Revenue Service and Department of the Treasury has published a new set of proposed regulations relating to passive foreign investment companies (PFICs), which are relevant to many in insurance and reinsurance, but have particular relevance to certain ILS and hedge fund reinsurer strategies it seems.

Reforms under the new Tax Cuts and Jobs Act (TCJA), adopted in the U.S. in December 2017, means that some insurance-linked securities (ILS) structures could be classified as a controlled foreign corporation (CFC) and others could be classified as a passive foreign investment company (PFIC), according to Mayer Brown’s Global Insurance Industry Year in Review, […]

Angus Duncan, an insurance-linked securities (ILS) experienced lawyer, has joined the London office of Winston & Strawn LLP as a partner, bringing experience in catastrophe bonds, reinsurance sidecars and other ILS structures to the firm.