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30 November 2017Alternative Risk Transfer

London’s road map to the ILS market

The Prudential Regulation Authority (PRA) has now published its Supervisory Statement entitled “Authorisation and supervision of insurance special purpose vehicles” which will be adopted once the Risk Transformation Regulations 2017 (RTR) have passed through Parliament.

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Alternative Risk Transfer
30 November 2017   A UK government cross-party committee has approved the Risk Transformation Regulations 2017 and the Risk Transformation (Tax) Regulation 2017, which are aimed at establishing London as a hub for insurance-linked securities.