Guernsey launches hybrid vehicle for ILS sector

Saint Peter Port, Guernsey

Guernsey has launched what it says is the world’s first hybrid vehicle for use in the insurance-linked securities (ILS) sector. According to Carey Olsen partner Christopher Anderson, who created the concept with the support of the Guernsey Financial Services Commission, the Guernsey hybrid is a protected or incorporated cell company that is both a licensed insurance company and a regulated…

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