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Puerto Rico targets catastrophe bond and ILS business

Another offshore domicile has thrown its hat into the ring to compete for catastrophe bond and insurance-linked securities (ILS) business. Puerto Rico is reportedly the latest domicile to amend its insurance legislation in an attempt to bring the ILS sector to its shores.According to this article in Captive Insurance Times read the full article →

Puerto Rico considers catastrophe bonds to transfer risk of earthquakes

Puerto Rico faces considerable risk of earthquakes and in the last 500 years has faced five quakes which had a magnitude greater than seven on the richter scale, three of those earthquakes generated tsunamis. Now the island nation has been reassessing the risks and looking at ways to manage and read the full article →