London outrun by Bermuda on catastrophe bonds
Ambitions to turn London into a hub for the $70bn insurance-linked security market, one of its fastest growing sectors, face being scuppered by a slow moving regulatory approach. The government wants to introduce new rules that would make it possible to issue these ILS securities in the UK, but industry insiders say that the proposed timetable for approving them would make the new regime uncompetitive against established […]