Glass jar of sweets

Sweet spot

Category: Insurance-linked securities ABS


Previous Story       Next Story

Multi-arrangement ILS vehicle debuts

Brit has launched Sussex Capital UK, the first vehicle to be given permission by the PRA under the UK’s new ILS regime to write general collateralised reinsurance for multiple cedants. The SPV’s multi-arrangement designation enables the vehicle to write a broad range of reinsurance contracts, each written by a different cell but using approved template documents and therefore only requiring post-transaction notification to the regulator.

Already registered?

Not yet registered? Join today to access SCI Content.

-