Hassans Involved In First ILS Type Transaction In Gibraltar

As announced today by the Government of Gibraltar, the first ILS type transaction has been completed through Gibraltar with Hassans advising the lead Gibraltar party, Euroguard Insurance Company PCC Limited, in the insurance transaction – see link to the Government of Gibraltar's official release here: https://www.gibraltar.gov.gi/new/sites/default/files/press/2015/Press%20Releases/249%20-2015.pdf

Hassans were perfectly placed to advise on this landmark transaction due to its specialist expertise in the Insurance sector; the firm assisted with the drafting of Gibraltar's Insurance Companies (Special Purpose Vehicles) Regulations 2009, was 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 14 years, including protected cell companies.