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BMA seeks more seamless marketplace with ILS process enhancements: Brad Adderley, Appleby

Recent changes made by the Bermuda Monetary Authority (BMA) to improve processes specific for catastrophe and mortgage bonds, shows that the island is listening to its clients and being more adaptive in the face of growing competition, according to Brad Adderley, Partner at global law firm Appleby. The BMA, the financial read the full article →

Bermuda speeds up cat bond SPI registration to just three days

Catastrophe bond sponsors looking to locate their issuance structures in Bermuda can now benefit from much faster licensing and registration of new cat bond vehicles, with the process streamlined to take just three working days by the regulator. The Bermuda Monetary Authority (BMA) said today that a new faster catastrophe bond 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 →

Guernsey expands ILS regulations, with SPI vehicle for cat bonds & more

Guernsey has updated its insurance-linked securities (ILS) rules in order to clarify the regulatory treatment of collateralised reinsurance transactions, add a full-featured SPI structure that can support catastrophe bonds and sidecars, and to speed up the approval to a one-day process. The Guernsey Financial Services Commission (GFSC) has published the new read the full article →

Malta VAT rule change increases reinsurance SPV efficiency

An amendment to Malta's laws that extends a value added tax (VAT) exemption to include authorised reinsurance special purpose vehicles (RSPV's) set up in Malta will help to ensure the islands insurance-linked securities (ILS) framework is as attractive as possible to potential registrants of such vehicles. Efficiency is key in the read the full article →

Guernsey targets special purpose insurer (SPI) rules by year-end

Guernsey is seeking to build on its insurance-linked securities (ILS) and collateralised reinsurance activity by adding legislation to allow for special purpose insurance (SPI) vehicles, which could be catastrophe bond issuers, for the end of 2016. Revealed at the Guernsey Insurance Forum 2016 event held in London yesterday, the domicile of read the full article →

Malta completes its Securitisation Cell Company regs, ready for ILS

Malta, a domicile targeting the insurance-linked securities (ILS), catastrophe bond and reinsurance convergence sector, has now completed its Securitisation Cell Company regulations which bring together the special purpose reinsurer concept with protected cells. Malta launched its ambitions to become a domicile for the ILS and cat bond sector in 2013, before read the full article →

Malta’s Securitisation Cell Company regulation for ILS near completion

Malta, one of the domiciles targeting the insurance-linked securities (ILS), catastrophe bond and reinsurance convergence sector, has nearly completed its new regulations which will bring together the special purpose reinsurer concept with protected cells. Malta launched its ambitions to become a domicile for the ILS and cat bond sector in 2013, read the full article →

Horseshoe Group opens as insurance & ILS manager in Gibraltar

Specialist Bermuda-headquartered insurance-linked securities management, servicing, transformation and fronting firm Horseshoe Group has had its license to operate in Gibraltar approved, meaning Gibraltar is now open for ILS business. Gibraltar recently finalised and published its guidelines for insurance-linked securities (ILS), as a first step on the way to attracting ILS, catastrophe bond read the full article →

Gibraltar finalises, publishes insurance-linked securities (ILS) guidelines

Gibraltar's financial regulator, the Financial Services Commission (FSC), has finalized and published its guidelines for insurance-linked securities (ILS) following a consultation process with input from ILS experts from around the world. Gibraltar, like many other domiciles, is readying its regulatory environment to be able to act as a domicile and host read the full article →