Simon Kirby MP, Economic Secretary, HM Treasury
Insurance Linked Securities, including catastrophe bonds and collateralised reinsurance, are one of the fastest growing parts of the insurance market. Total investment in ILS products stood at $75bn as of June 2016, but London has missed out on much of the business to date because the UK framework has not kept pace with the market.
The UK Government wants this to change in order to ensure that London can remain a world leader in insurance and reinsurance. To this end, it is planned that consultations from HM Treasury, on the general and tax regulations to cover the necessary special purpose vehicles, will be issued in November and early December 2016.
The purpose of this conference is to look at proposals and the opportunities and challenges they will involve. The event will include panel sessions and presentations from all the significant market players. There will be speakers from the Treasury and the relevant financial authorities and discussion led by the London Market Group, the industry body which has been helping spearhead the initiative.
We are delighted that Simon Kirby MP, Economic Secretary to the Treasury (City Minister), HM Treasury will be giving the keynote address.
This event should be attended by issuers and prospective issuers of insurance linked securities; brokers, insurance and re-insurance firm; pension funds; actuaries; underwriters; tax and financial services lawyers and accountants.
This conference is accredited by both the Solicitors' Regulation Authority and the Securities and Investment Institute for 6 Continuing Professional Development Points.
Monday, December 5, 2016 8:15 AM - 4:30 PMGreenwich Time
Ashurst LLPBroadwalk House5 Appold StreetLondon EC2A 2HAUnited Kingdom+44 (0)20 7638 1111