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ARTICLE · 16 JULY 2018

Guernsey For ILS

Facilitating this success is a bespoke regulatory regime specifically designed for the ILS sector.

GuernseyInsurance
Christoper Anderson
Christoper Anderson
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Carey Olsen Partner Chris Anderson discusses the benefits of setting up an ILS structure in Guernsey...

Guernsey has a thriving insurance linked securities (ILS) sector and is home to an abundance of ILS structures including:

  • hundreds of special purpose insurers (SPIs) writing billions of dollars of life and general risks for ILS Funds and investors;
  • ILS funds, both private (often for a single, sophisticated investor) and blind pool managing billions of dollars of ILS assets; and
  • 'A' rated reinsurance companies established by large scale ILS managers writing billions of dollars of gross written premium annually.

Facilitating this success is a bespoke regulatory regime specifically designed for the ILS sector. Fast-track authorisation rules enable SPIs to be established and regulated with immediate effect. Those rules (SPI Rules) are designed to accommodate certain features peculiar to ILS transactions.

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