UK government approves ILS regulations
Saturday, 12 02 2017, Category: Insurance and Reinsurance, Country: United Kingdom
A UK government cross-party committee has approved the Risk Transformation Regulations 2017 and the Risk Transformation (Tax) Regulation 2017, which are aimed at establishing London as a hub for insurance-linked securities.
The regulations introduce a regulatory and tax framework for ILS business in the UK, which would enable re/insurers to transfer risk to the capital markets.
Source: Intelligent Insurer