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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 →

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 →

Malta targets ILS with Special Purpose Reinsurance Vehicle (SPRV) legislation

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.The Malta Financial Services Authority (the MFSA) put read the full article →

First Solvency II compliant catastrophe bond SPRV established in Ireland

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 read the full article →