regulation

European Commissioner Michel Barnier, who is responsible for the implementation of the Solvency II regulatory rules, has proposed to halt the talks discussing the issue until a new study can be undertaken into the impact of Solvency II on insurers and reinsurers. The talks between European member states and the European Parliament appear to have […]

Earlier today we announced the publication of a Q3 2011 insurance-linked securities market report from Willis Capital Markets & Advisory, the mergers & acquisitions and capital market products division of global broker Willis Group. There were some interesting points in the report worthy of further discussion including some insight into pending regulatory changes which could […]

Almost exactly a year ago we wrote about a report from MSA Research Inc. and Baron Insurance Services Inc. which looked at the Canadian regulatory environment and asked how it could impact an insurance-linked securities market in Canada. Now, the latest MSA/Baron Outlook report has been published and an article in it makes proposals for […]

Newly proposed regulations from the U.S. Internal Revenue Service (IRS) could change the way certain over-the-counter derivative transactions are treated for taxation purposes. The proposal would generally allow for OTC derivatives which are based on objective non-financial information to qualify as notional principal contracts (NPC’s).

International finance law firm The Walkers Group have today announced the launch of a new team within its structure who will provide dedicated resource to insurance-linked securities issues and transactions. The Walkers Insurance Linked Securities (ILS) Group brings together expertise from throughout Walkers regarding alternative risk transfer arrangements such as catastrophe bonds, reinsurance sidecars and […]

The U.S. Securities and Exchange Commission (SEC) has been seeking to bring proposed rules into force regarding new shelf eligibility requirements for asset-backed securities (ABS). The proposed rules seek to enforce greater accountability and enhanced quality around ABS when an issuer uses a shelf registration process.

An open letter from the American Securitization Forum (ASF) to the U.S. government agencies concerned with the regulation of financial markets and the creation of the Dodd-Frank reforms requests that any new credit risk retention regulations should take into account the needs of niche securitization sectors. One of those niche securitization sectors mentioned in the […]

Progress is being made by the International Association of Insurance Supervisors (IAIS) and the MicroInsurance Network (MIN) in an ongoing discussion looking at how best to regulate organisations involved in the distribution and provision of microinsurance and microfinance initiatives.

The Cayman Islands government has been working on a new set of laws to govern it’s insurance industry and the licensing of insurers and captives on the islands. Cayman has become the main domicile for cat bonds in recent years and plays host to many captive insurers as well. The Caymans ‘Insurance Law 2010’ will […]

Now that microinsurance is becoming a more accepted form of insurance in developing nations around the world it’s good to see people acknowledging that it requires a different set of regulation to normal insurance products. By its very nature microinsurance is aimed at poorer residents of developing nations and as such regulation needs to be […]