An Ideal European Alternative ILS Jurisdiction

Hassans, the leading law firm in Gibraltar, has spoken out in support of the jurisdiction's attractiveness as an alternative ILS jurisdiction in Europe following the Gibraltar Government announcement in March that Gibraltar has set its sights on the Insurance Linked Securities market.

Hassans assisted with the drafting of Gibraltar's Insurance Companies (Special Purpose Vehicles) Regulations 2009 which is the principal legislation for ILS structures. It was also involved in drafting the Protected Cell Companies and insurance legislation and has helped to set up the majority of Gibraltar insurance companies over the last 10 years, including protected cell companies.

Nigel Feetham, a senior partner of Hassans said: