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The UK will remain at the forefront of the global reinsurance market thanks to new rules for Insurance Linked Securities

The UK will remain at the forefront of the global reinsurance market thanks to new rules for Insurance Linked Securities

The Government have announced today new regulation that will introduce a competitive regulatory and tax regime for Insurance Linked Securities and ensure that the UK gets a share of this rapidly growing market.

Malcolm Newman, Chairman of the London Market Group’s ILS Taskforce commented:

“The new ILS framework offers a very exciting future for the London Market to continue to deliver innovative new products that make a real difference. I am proud that the LMG has helped lead the development of these proposals.”

Please see the full Government press release here

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