Dr Matthew Bianchi, the Partner heading GANADO Advocates'
Insurance practice, moderated a panel discussion at the European
Risk Seminar, that was organised by the Federation of European Risk
Management Associations (FERMA) on the 3rd and 4th of October at
Hilton Malta. The seminar is used as a platform which brings
hundreds of risk management and insurance professionals together
from across Europe in order to discuss the latest industry
developments and current market priorities.
Dr Bianchi moderated a round-table session entitled 'ILS and
Reinsurance Innovation', which provided a basis for discussion
regarding product innovation in the context of insurance and
reinsurance securitisation. The session aimed at showing how these
issues apply to Malta's securitisation industry. Click here for further
information about this panel discussion.
GANADO Advocates was also one of the local sponsors of the
European Risk Seminar 2016.
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Cayman is well known as an attractive international destination for financial industry conferences, particularly in the hedge fund sector, but you might be surprised that the biggest annual conference is for the captive insurance industry.
Despite the notable uncertainty concerning the United Kingdom and Gibraltar's future trading relationship with the European Union, there are a number of upcoming developments which the Gibraltar insurance industry and its stakeholders should be monitoring.
In the light of concerns raised in industry feedback, the Bermuda Monetary Authority (BMA) has decided to postpone the introduction of various adjustments to the Bermuda Solvency Capital Requirement (BSCR) standard formula that were proposed in its November 2016 Consultation Paper.
As Cayman's captive insurance and
nascent reinsurance, international
insurance and life and annuity industry
continues to evolve to meet the growing
challenge of competition from onshore
domiciles and continued soft market
The Bribery Act 2016 received Royal Assent on 6 December 2016. When it comes into operation, it will introduce a number of new offences into Bermuda law, including the corporate offence of failure to prevent bribery. Bermuda insurers, insurance managers and insurance agents and brokers will need to introduce policies and procedures necessary to ensure compliance.
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