Story thread · 2 reports / 1 sources

BMA to prioritise substance of parametric risk transfer over contractual form for new PSPI

artemis.bm · 4hShare

This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The Bermuda Monetary Authority has confirmed that contracts under its proposed Parametric Special Purpose Insurer (PSPI) regulatory framework can be structured as reinsurance, derivatives, or swaps, so as long as the underlying risk transfer meets the applicable statutory and regulatory requirements. Back in January, the BMA launched its awaited consultation process that proposed a dedicated […] BMA to prioritise substance of parametric risk transfer over contractual form for new PSPI was published by: www.Artemis.bm Our catastrophe bond deal directory Sign up for our free weekly email newsletter here .

First report: CCRIF lifts parametric risk pool coverage another 14.5% to $1.8bn for current policy year — artemis.bm, 2d