Gibraltar unveils SPV protected cell company rules

The government of Gibraltar has announced the introduction of
protected cell legislation to target the insurance-linked
securities (ILS) reinsurance market.
The EU jurisdiction hopes to attract ILS fund managers writing
collateralised reinsurance business after establishing a new
category of protected cell company (PCC) specifically tailored for
the space.
The special purpose vehicle (SPV) PCC will be regulated under
the domicile's existing insurance company regulations dating
from 2009.
The SPV