ARTICLE
9 October 2019

New Collateralised Insurer Class To Add ILS Fund Diversification

W
Walkers

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Walkers is a leading international law firm which advises on the laws of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Ireland and Jersey. From our 10 offices, we provide legal, corporate and fiduciary services to global corporations, financial institutions, capital markets participants and investment fund managers.
The introduction of a new class of insurer in Bermuda, "Collateralised Insurers", is expected to be beneficial to both insurance-linked securities funds' and their investors, according to Sarah Demerling, Partner at law firm Walkers.
Bermuda Insurance

The introduction of a new class of insurer in Bermuda, "Collateralised Insurers", is expected to be beneficial to both insurance-linked securities (ILS) funds' and their investors, according to Sarah Demerling, Partner at law firm Walkers.

Proposed earlier this year via a consultation paper from the Bermuda Monetary Authority (BMA), the provision for the supervision and regulation of the new Collateralised Insurers class came into effect on August 5th, 2019 as part of the Amendment Act 2019, which came into operation and which amends the Insurance Act 1978.

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