Insurance Special Purpose Vehicle

The Isle of Man’s Insurance and Pensions Authority (IPA) is the latest offshore domicile which is seeking to introduce insurance special purpose vehicle (SPV) legislation, as it hopes to attract insurance-linked securities (ILS) and catastrophe bond business.

We often get asked at Artemis why catastrophe bond and insurance-linked security Special Purpose Vehicles (or special purpose insurers) are generally domiciled offshore. The Cayman Islands and Bermuda are the two domiciles of choice for the cat bond market, with the Cayman Islands currently leading the way, Dublin in Ireland has also domiciled a few […]