special purpose insurer

A piece of U.S. regulation has been highlighted as potentially having an impact on catastrophe bond and insurance-linked security issuing entities. The insight published in this memo from law firm Cadwalader, Wickersham & Taft LLP discusses the FATCA provisions (FATCA stands for the Foreign Account Tax Compliance Act of 2009), regulation which aims to reduce […]

The Bermuda Monetary Authority has announced that it has seen an increase in the number of registrations of insurance companies on the island. Overall insurer registrations are 30% higher so far this year than were seen for during all of 2010. In particular the BMA are pleased with the increase in registrations of Special Purpose […]

The Tennessee legislative and Governor Bill Haslem have implemented and signed into law a new bill designed to make the state a more attractive place for captive insurer formation. Amongst various changes to the way captives are governed in Tennessee of most interest to us is the introduction of a new class of captive insurer […]

The British Virgin Islands (BVI) could look to become a domicile for insurance-linked securities and catastrophe bonds as a way for it to diversify away from relying on more traditional captive business, according to an article by James McConvill of Appleby Global (a provider of offshore legal and administrative services).

You could be forgiven for thinking that Bermuda was no longer a player in the insurance-linked securities and catastrophe bond market. 2009 has seen the bulk of deals issued out of the Cayman Islands and even the Bermuda domiciled reinsurers haven’t been as active in the market as they used to be. But the island […]