The Monetary Authority of Singapore (MAS) has now confirmed details of the refresh and extension of its insurance-linked securities grant scheme, with grants now available to cover some of the upfront costs of issuance for catastrophe bonds covering risks outside of the Asia Pacific region, as well as for other ILS arrangements.
The refresh and extension of the ILS Grant Scheme terms were teased in a speech by a Monetary Authority of Singapore executive last week.
As we reported at the time, having made its ILS grant scheme more restrictive back in 2023, to only offer it to catastrophe bonds or ILS covering regional risks from Asia Pacific, the ILS grant offering is now being expanded again to cover cat bond risks from other locations around the globe.
FULL ORIGINAL PUBLICATION HERE