UK government publishes final ILS rules

Marathon efforts to establish London as an insurance-linked
securities (ILS) hub passed a major milestone last week when the UK
government released final regulations for the new regime.
Sister publication Trading Risk
reported that the new rules removed a controversial requirement for
pre-issuance approvals of individual risk transfer deals after
industry lobbying.
The regulations will ensure that London remains the leading
(re)insurance marketplace, according to economic secretary to the
treasu