-
The Prudential Regulation Authority outlined its approach to ensuring that London-based ILS vehicles meet requirements to be fully funded under Solvency II regulations, as it said ISPVs must prove they have secured funding before risk transfer.
-
The Prudential Regulation Authority (PRA) will expect insurance special purpose vehicles (ISPV) to prove they have secured funding before risk transfer under the upcoming London ILS framework, according to guidelines published today
-
Singapore has announced a scheme to pay for the upfront costs of structuring catastrophe bonds
-
The Malta Stock Exchange has received regulatory approval to launch a securities market that will allow the listing of insurance-linked notes, as well as other instruments
-
The Prudential Regulation Authority expects to issue rules based on its interpretation of the UK's recently published ILS regulations by late September or early October, a spokesperson confirmed.
-
ILS market practitioners have welcomed changes made to the final proposals for a UK ILS framework, but noted that further key details on how the rules will be applied are yet to emerge.
-
Regulators have made some easy-win concessions in the final version of London's ILS framework to ensure that the system is workable for ILS managers
-
The UK Treasury's final version of regulations that will establish a framework for local ILS issuance have gone some way to addressing industry concerns
-
The UK government has released final regulations for the London ILS regime, which have removed a controversial requirement for pre-issuance approvals of individual risk transfer deals.
-
Bermuda's Progressive Labour Party (PLP) claimed victory in the island's general election yesterday, regaining control of the House of Assembly from the One Bermuda Alliance (OBA), which had been in power since 2012.
-
US officials will shortly sign and announce plans on implementing a "covered agreement" with the EU that should make it easier for insurers and reinsurers to compete in both continents.
-
The next step in creating a London ILS framework should be made shortly as final regulations will be put before the UK parliament, senior advisor to the cabinet office Michael Wade said in a panel discussion at the Reactions London Market (re)insurance conference today.