special purpose vehicle

Strategic Risk Solutions, Inc., an independent provider of insurance, reinsurance and captive management and consulting services, has announced a new partnership with investment house Integrum Holdings LP.

Speed to market is a key characteristic of Bermuda’s ILS market, but when setting up your ILS vehicle, it is also important to consider what happens at the end of its economic life, says Louise Charleson, Partner, Ocorian Law (Bermuda) Limited.

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.

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.

North Carolina is seeking to enact legislation which would make it a home to captive insurance and reinsurance companies and special purpose vehicles such as catastrophe bond issuers. In an effort to grow its share of the re/insurance market bill SB 476, sponsored by two Republican Senators, has moved through the North Carolina Senate Insurance […]

The year 2012 saw brisk activity in the registration of new insurers, reinsurers and captives in Bermuda. New insurer registrations totalled 53 for the year, according to the Bermuda Monetary Authority, with 27 of those being Special Purpose Insurers (SPI), the class of insurer in Bermuda which are largely used for catastrophe bond issuance or […]

Over the course of 2012 the island of Bermuda become home to 53 new international insurers, four new insurance agencies, five new insurance managers and two insurance brokerages. Of the insurers, 27 are Special Purpose Insurers and most of these have been formed to undertake some kind of fully collateralised reinsurance often with third-party capital […]

Guernsey, one of the Channel Islands which sits in the English Channel south of the UK and close to France, is one of the world’s leading locations for licensing and domicile of international insurance entities. It has long been home to captive insurers, protected cell companies (PCCs)and incorporated cell companies and is now home to […]

Smaller firms are expressing  more interest in retaining their own risk and a growing interest in alternative risk transfer vehicles such as captive structures, special purpose vehicles and risk retention groups, according to broker Marsh’s 2012 Captive Benchmarking Report. We don’t cover this type of alternative risk transfer on Artemis very often, but any trend […]

Horseshoe Group, an independent insurance manager and advisor with a focus on the insurance-linked securities (ILS) and catastrophe bond market is expanding its operations to Ireland which will give them a platform to expand their ILS and cat bond administration services into Europe more easily.