Corporate Insurance Newsletter - April 2015

Welcome to the latest update from Clyde & Co's corporate insurance team. This update summarises recent developments with links to further reading.

What are the changes of London becoming a world centre for ILS'?

As we now enter the final stages of the UK general election campaign, it seems that it was a political age ago that in mid-March the Chancellor, George Osborne, delivered his final budget of the current government. It was in that Budget report that Osborne noted that the insurance linked securities (ILS) market represents an important growth opportunity for the UK and that the government would work with the industry and regulators to develop a new competitive corporate and tax structure for allowing ILS to be domiciled in the UK and thereby making greater use of so-called alternative capital.