Regulation

The firm is the first ILS platform to reveal that its funds have the new classification.

Private-public partnerships can provide first-step survival financing if not a full solution for all companies.

The government wants to ensure tax-neutral status is clear enough to attract ILS transactions.

Underwriting results and ESG principles should be aligned and more information will be sought from counterparties, the ILS manager said.

EU antitrust regulators will warn Aon that its $30bn bid to acquire Willis Towers Watson may hurt competition in the broking marketplace, according to a Reuters report. 

The merger may cause price increases or reduced service levels for major insurance buyers.

ILS investors now have a tax-neutral way of accessing the London market – but capacity will still be strictly controlled.

Founding CIRCA members include Greenlight Re and Barents Re, as well as Knighthead and Nassau Re, whose senior executives take chair and vice chair roles.

The Bermuda body details options for insurance providers in hybrid fund/transformer vehicles.

The Lloyd’s CEO said it was not for business to set the tone on climate, as the Corporation laid out its first ESG report.

The investment is thought to be the $81bn fund’s first ILS allocation.

New law would end the country’s long-term cat bond programme and cast doubt on the fund’s on-risk cat bond.