Regional sponsors important to sustain Asian ILS domiciles: Schultz at ILS Asia

With Singapore now an active hub for catastrophe bonds and insurance-linked securities (ILS) and with Hong Kong primed to issue its first deal this year, regional sponsor participation can help to ensure their sustainability as ILS domiciles, according to Paul Schultz, Chief Executive Officer (CEO) of Aon Securities. Yesterday at our read the full article →

Plurality of sponsor choice most important with new domiciles: Halm, CCR Re

With the entry of multiple new domiciles to the insurance-linked securities (ILS) arena in recent years, the most important feature of this is the plurality of choice it makes available to sponsors, rather than the chance of subsidies being made available, Mathieu Halm, Head of Retrocession and Strategy at CCR read the full article →

Bermuda to retain its leadership position in ILS because it has to: Webber, Apex

As the insurance-linked securities (ILS) pie continues to expand it’s natural for new jurisdictions to emerge and try to take a slice, but the innovative Bermuda marketplace is expected to maintain its leadership position, according to Ross Webber, Managing Director at independent financial services provider and fund administrator, Apex Group read the full article →

Malta still has ILS ambitions despite barriers to entry: Execs

Malta still has ambitions to eventually become a hub for insurance-linked securities activity, according to leaders from local re/insurance industry bodies, but barriers to entry continue to present a significant challenge for the jurisdiction. Speaking at a recent roundtable in London, Matthew Bianchi, Governor of FinanceMalta, explained that the ILS market read the full article →

NCM Re UK sidecar transaction renews at slightly larger $77m for Neon

Lloyd’s and Bermuda insurance and reinsurance company Neon Underwriting has successfully renewed its UK insurance-linked securities transaction, which is akin to a sidecar, with a slightly enlarged $77 million issuance of notes from the NCM Re (UK PCC) Ltd vehicle. Last year, Neon was the first to register and receive approval read the full article →

ILS central to keeping UK re/insurance at “cutting edge” – Government

Insurance-linked securities (ILS) are central to keeping the UK's insurance and reinsurance industry "at the cutting edge", the Government says, and the work to bring the recently introduced ILS legislation in the UK is an example of how industry and Government can collaborate, to the benefit of the economy. Tonight (Monday read the full article →

UK Government to welcome ILS investors to Downing Street

The UK Government is set to welcome a group of insurance-linked securities (ILS) investors to Number 11 Downing Street next week, the home of the Chancellor of the Exchequer, as it looks to set out its support for the sector and encourage investors to consider allocating to UK ILS opportunities. The read the full article →

Intertrust assists Neon on launch of UK’s first ILS transaction

Global provider of corporate, fund and capital market services Intertrust has assisted specialist Lloyd’s and Bermuda insurance and reinsurance company Neon Underwriting in the completion and issuance of the first insurance-linked securities transaction in the UK. Neon was the first company to receive approval from the UK’s Prudential Regulation Authority (PRA) read the full article →

Neon’s UK ILS vehicle NCM Re enters into $72m syndicate quota-share

The first insurance-linked securities vehicle to be approved and launched in the UK, the NCM Re (UK PCC) Ltd vehicle from specialist Lloyd’s and Bermuda insurance and reinsurance company Neon Underwriting, has successfully completed the first UK ILS transaction, entering into a $72 million quota-share with Neon's Syndicate 2468. As we read the full article →

Speed-to-market still a sticking point for UK ILS: Clyde & Co

Speed-to-market remains the main sticking point for the United Kingdom's Risk Transformation Regulations 2017 and the Risk Transformation (Tax) Regulations 2017, which constitute the UK's insurance-linked securities (ILS) regulatory regime, according to law firm Clyde & Co. The issue of speed of approval remains the one which could hold back the read the full article →