Exchange Re, the EU's first securitisation cell company platform for cell-based insurance linked-securities (ILS) and collateralised reinsurance transactions, has received approval to begin business by the Malta Financial Services Authority (MFSA).
This approval falls in line with the MFSA’s aim to become an EU hub for ILS transactions.
John Tortell, general manager of Exchange Re SCC Limited, said: “We aim to provide a full quality service to clients and look to other service providers to use this open platform for their own clients.”
He added: “In keeping with the ever-developing ILS market Exchange Re and Malta offer a credible and interesting alternative in a Solvency II compliant domicile for both originators of risk and ILS investors.”
