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Guernsey expands ILS regulations, with SPI vehicle for cat bonds & more

Guernsey has updated its insurance-linked securities (ILS) rules in order to clarify the regulatory treatment of collateralised reinsurance transactions, add a full-featured SPI structure that can support catastrophe bonds and sidecars, and to speed up the approval to a one-day process.The Guernsey Financial Services Commission (GFSC) has published the new read the full article →

Malta VAT rule change increases reinsurance SPV efficiency

An amendment to Malta's laws that extends a value added tax (VAT) exemption to include authorised reinsurance special purpose vehicles (RSPV's) set up in Malta will help to ensure the islands insurance-linked securities (ILS) framework is as attractive as possible to potential registrants of such vehicles.Efficiency is key in the read the full article →

Guernsey targets special purpose insurer (SPI) rules by year-end

Guernsey is seeking to build on its insurance-linked securities (ILS) and collateralised reinsurance activity by adding legislation to allow for special purpose insurance (SPI) vehicles, which could be catastrophe bond issuers, for the end of 2016.Revealed at the Guernsey Insurance Forum 2016 event held in London yesterday, the domicile of read the full article →

Malta completes its Securitisation Cell Company regs, ready for ILS

Malta, a domicile targeting the insurance-linked securities (ILS), catastrophe bond and reinsurance convergence sector, has now completed its Securitisation Cell Company regulations which bring together the special purpose reinsurer concept with protected cells.Malta launched its ambitions to become a domicile for the ILS and cat bond sector in 2013, before read the full article →

Malta’s Securitisation Cell Company regulation for ILS near completion

Malta, one of the domiciles targeting the insurance-linked securities (ILS), catastrophe bond and reinsurance convergence sector, has nearly completed its new regulations which will bring together the special purpose reinsurer concept with protected cells.Malta launched its ambitions to become a domicile for the ILS and cat bond sector in 2013, read the full article →

Horseshoe Group opens as insurance & ILS manager in Gibraltar

Specialist Bermuda-headquartered insurance-linked securities management, servicing, transformation and fronting firm Horseshoe Group has had its license to operate in Gibraltar approved, meaning Gibraltar is now open for ILS business.Gibraltar recently finalised and published its guidelines for insurance-linked securities (ILS), as a first step on the way to attracting ILS, catastrophe bond read the full article →

Gibraltar finalises, publishes insurance-linked securities (ILS) guidelines

Gibraltar's financial regulator, the Financial Services Commission (FSC), has finalized and published its guidelines for insurance-linked securities (ILS) following a consultation process with input from ILS experts from around the world.Gibraltar, like many other domiciles, is readying its regulatory environment to be able to act as a domicile and host read the full article →

Malta seeks to unite special purpose reinsurers with protected cells

Malta, which is seeking to become a domicile for the insurance-linked securities (ILS), catastrophe bond and reinsurance convergence sector, has launched a proposal which aims to bring together the special purpose reinsurer concept with protected cells.The southern European country launched its ambitions to become a domicile for the ILS and read the full article →

Gibraltar to target catastrophe bond and ILS business

Gibraltar is the latest domicile which, having noticed the burgeoning interest in insurance-linked securities (ILS) and the growth of the catastrophe bond market, is actively looking to target cat bond and ILS business and encourage it to Gibraltar.Gibraltar is a British Overseas Territory located at the southern tip of Spain read the full article →

Malta ready to host ILS and catastrophe bond issuers

Malta is now ready to act as a domicile for insurance-linked securities (ILS) and catastrophe bond issuers after regulations governing the formation and domicile of Reinsurance Special Purpose Vehicles (RSPV) were finalised and came into law.The new law came into effect on the 27th December when the regulations were published read the full article →