Analysis from the Bermuda Monetary Authority (BMA) shows that Bermuda’s position as the domicile of choice for the issuance of insurance-linked securities (ILS) transactions remains, with the island being home to the large majority of new issuance.This message was also reinforced at today’s ILS Bermuda Convergence 2018 conference on the island. The BMA has released… via Bermuda still home to the majority of ILS issuance — Artemis.bm – The Catastrophe Bond, Insurance Linked Securities & Investment, Reinsurance Capital, Alternative Risk Transfer and Weather Risk Management Blog Advertisements Continue reading Bermuda still home to the majority of ILS issuance
Scotland’s Court of Session (Inner House) has ruled that it can make a reference to the Court of Justice of the European Union on the question of whether notification under Article 50 of the Treaty on European Union (TEU) may be unilaterally withdrawn by the State which gave the notice. Government arguments to the contrary… via Court of Session – to ask CJEU if Article 50 notification may be unilaterally withdrawn — Law and Lawyers Continue reading Scottish Court of Session – to ask CJEU if Article 50 notification may be unilaterally withdrawn
The Electoral Commission designated Vote Leave Ltd as a lead campaigner for the 2016 referendum on UK membership of the EU. This gave Vote Leave Ltd certain advantages:The law governing the conduct of the 2016 referendum was contained in the Political Parties, Elections and Referendums Act 2000 (“PPERA”) as modified by the European Union Referendum… via High Court judgment – ‘expenses incurred’ by Vote Leave Ltd — Law and Lawyers Continue reading High Court judgment – ‘expenses incurred’ by Vote Leave Ltd
As part of its second batch of “no deal” technical notices, the government has today published a guidance note entitled: Handling civil legal cases that involve EU countries if there’s no Brexit deal. The note contains little that was not already obvious. If no deal is agreed, there would be no agreed EU framework for… via Brexit “no deal” note on jurisdiction and enforcement of judgments — Herbert Smith Freehills – Litigation notes Continue reading Brexit “no deal” note on jurisdiction and enforcement of judgments
The Isle of Man Government is consulting on proposed new legislation to update and improve the effectiveness of the registration and regulation of Charities in the Island. Charities are currently registered and regulated under the Charities Registration Act 1989. The Government has concluded that, over time, the provisions of that Act have become outdated and the system… via Isle of Man: charity law consultation — Law & Religion UK Continue reading Isle of Man: charity law consultation
Brian Duperreault, the CEO of insurance giant American International Group (AIG), said yesterday that he sees “huge potential” for using the insurance-linked securities (ILS) market more at the firm. Leveraging the capital markets and ILS structures is fast becoming a differentiator not just for reinsurance firms. Now, major global insurers are also finding ways to… via Duperreault sees “huge potential in ILS at AIG: Report — Artemis.bm – The Catastrophe Bond, Insurance Linked Securities & Investment, Reinsurance Capital, Alternative Risk Transfer and Weather Risk Management Blog Continue reading Duperreault sees “huge potential in ILS at AIG: Report
AIG Europe Ltd has argued in the Commercial Court in London that it cannot pay 414,000 Jordanian Dinars (US $584,000) in reinsurance cover to the Jordan Insurance Company for money said to have been stolen in 2013 from a Syrian bank (International Bank for Trade and Finance Ltd), because that payment would breach US sanctions […] via Jordan Insurance v AIG litigation – do US sanctions prevent reinsurance payouts? — European Sanctions Blog Continue reading Jordan Insurance v AIG litigation – do US sanctions prevent reinsurance payouts?