Gibraltar is hotting up for ILS, as Nigel Feetham, a senior partner of Hassans explains to Intelligent Insurer.
One of the leading insurance lawyers on Gibraltar believes the jurisdiction has the potential to become the go-to domicile for insurance-linked securities (ILS) deals in Europe given its history of innovation in the insurance industry and the expertise available there.
Nigel Feetham, a senior partner of Hassans, draws comparisons with the way Gibraltar has become a leader in the formation of special purpose vehicles and protected cell companies, largely thanks to legislation specifically drafted (with assistance from Hassans) to help this sector grow.
Now, Gibraltar has set its sights on the ILS market. Regulatory guidelines drafted recently will pave the way for the first deals to come to market—something Feetham suggests could be in a matter of mere months.
Gibraltar, Hassans, ILS