As Singapore continues to work on plans to adopt a regulatory framework for a Protected Cell Company (PCC) structure to support collateralised reinsurance and ILS issuance, Simon Goh of law firm Rajah & Tann Singapore, has expressed how this flexible structure could ultimately become a game changer for the country’s captive insurance and ILS landscape.
We reported in early July that the Monetary Authority of Singapore (MAS) had launched a consultation process on the regulatory framework for a Protected Cell Company (PCC) structure that can be used for collateralised reinsurance arrangements, including sidecars, and efficient insurance-linked securities (ILS) issuance.
Given this, Artemis recently spoke to Simon Goh who leads Rajah & Tann Singapore’s Insurance & Reinsurance Practice, who shared how he feels this structure will impact the country’s ILS landscape.
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