New regulatory framework for insurance-linked securities may keep London’s ‘reinsurance hub’ status

Posted On: Nov. 30, 2016 5:00 AM CST

The UK government has said that creation of a new regulatory and tax framework for UK insurance linked securities (ILS) businesses will help to "maintain London's position as the most important global hub for reinsurance" post-Brexit, reports Out-law.com. The UK's financial regulators are discussing plans for authorizing and supervising insurance special purpose vehicles (ISPVs).