special purpose reinsurance vehicle

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’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.

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.

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.

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 southern European country of Malta is targeting the insurance-linked securities (ILS), catastrophe bond and reinsurance convergence sector with a legislative effort to put in place a legal framework allowing for the formation and domicile of Special Purpose Reinsurance Vehicles (SPRV) in Malta.

North Carolina is seeking to enact legislation which would make it a home to captive insurance and reinsurance companies and special purpose vehicles such as catastrophe bond issuers. In an effort to grow its share of the re/insurance market bill SB 476, sponsored by two Republican Senators, has moved through the North Carolina Senate Insurance […]

The completion of French reinsurer SCOR’s latest catastrophe bond deal, Atlas Reinsurance VII Limited, last week was it turns out a first for the market, according to financial law firm Walkers Ireland. Walkers Ireland acted as Irish legal and tax counsel, as well as listing agent for the transaction and it was the first cat […]

Global law firm with a specialist team devoted to insurance-linked securities Walkers Group have published a useful client guidance document regarding the approval process for the establishment of Irish special purpose reinsurance vehicles (SPRV’s). Walkers had a number of client enquiries about the process which their ILS team took to a meeting with the Central […]

The U.S. Securities and Exchange Commission (SEC) has voted to propose new rules and amendments to the way ratings agencies conduct their business. The proposed rules, which the members of the SEC voted to put out for comments for sixty days to get feedback from interested parties, are intended to increase transparency and improve the […]