31 March 2010

Published in: Investment risk, Cat risk - ILS

Solvency II rules may hamper offshore SPVs

By Reuters News

European sponsors may have to use onshore reinsurance vehicles to create catastrophe bonds unless offshore jurisdictions such as Bermuda and the Cayman Islands attempt to mirror the requirements of new EU Solvency II rules, a UK law firm has warned.

For full story, go to: http://communities.thomsonreuters.com/ILS/506921

Back to top

Related news/comment

Cat bond sector will struggle to issue $4bn

Insurers call for action on climate change

NZ quake could be largest insured loss for years

Clariden Leu issues direct cat bond notes

Hurricane Earl strengthens in Caribbean

Related analysis

Bringing more precision to earthquake modelling

How Solvency II will change insurers’ ALM and investment strategies

Inefficient inputs lead to outmoded outputs

Why cat modellers need to communicate better

Do insurers pose a systemic risk?

Related opinion

Why we favour a statistical approach to hurricane forecasting