New ILS regulations welcolmed as 'workable' framework

Reaction to the UK government's insurance-linked securities
(ILS) regulations released last week has been positive, with market
participants saying their concerns about earlier draft proposals
had been noted and the end result was a framework they could work
with.
The project has been beset by delays, but the publication of the
regulations before the parliamentary summer recess means the new
legislation is likely to be in place for the 1 January
renewals.
However, the industry is still waiting f