As the global insurance-linked securities (ILS) market evolves and expands, so too do its operational complexities and counterparty risks. This evolution elevates the trustee from a mere administrator to an essential partner, providing the stability and confidence that allows market participants to thrive in an increasingly demanding landscape, HSBC Bank explains.
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HSBC Bank USA, N.A. has announced a key hire to enhance its capabilities in the provision of corporate trusts to the insurance-linked securities (ILS) market, bringing Michael Commisso to the firm from his previous role at BNY.
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CSC, a provider of global business administration and compliance solutions, has announced the hiring of former Citi executive John Cuciti as a Senior Product and Relationship Manager for Delaware Trust Company, with a remit to help expand its escrow, project finance and reinsurance trust business.
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Wells Fargo & Company, the massive financial services group headquartered in the U.S., have announced that they are bringing their successful range of insurance trust products to the UK and EU. To date these insurance trust products have only been available in the U.S. where they are used in place of letters of credit and […]
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