UK ILS hub to drive new issuance, innovation

Category: ABS Insurance-linked securities

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The proposed ILS regulatory and tax regime due to come into effect on 1 January 2018 aims to put the UK on an even-footing with other jurisdictions and enable it to become a world leader in the catastrophe bond market (SCI 21 July). Notably, the framework is expected to create an accommodating tax environment for ILS vehicles, making it financially viable and efficient to issue in the UK - which could boost issuance and stimulate product innovation.

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