Recent reforms made by Prudential Regulation Authority (PRA) to increase the UK’s share of the global insurance-linked securities (ILS) market, has led to belief that the UK regime offers a highly competitive platform that compares well with other alternative jurisdictions across the globe, Pool Re CEO Tom Clementi told Artemis.
During a recent interview with Artemis, Clementi, CEO of the UK government backed mutual terrorism reinsurance firm, shared how important the UK’s ILS regulatory framework is towards Pool Re’s mission within the catastrophe bond market.
“The domestic regime in the UK provides us with a very good platform to access the capital markets. It allows us to work closely with the domestic regulator and facilitates a smooth path to ILS capital,” the CEO said.
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