Longer wait for implementation of ILS legislation

The timeline for implementing legislation to attract
insurance-linked securities (ILS) business to the UK is set to take
longer than expected due to increased industry interest, according
to the CEO of Scor's Paris-London hub Malcolm Newman.
Speaking to The Insurance Insider,
Newman, who is also sponsor of the London Market Group (LMG)'s
ILS Working Group, said the UK Treasury was pleased with the
response to the government's consultation on attracting ILS
business, but said it would take longer