The Monetary Authority of Singapore (MAS) has announced that it will extend its insurance-linked securities (ILS) grant scheme until the end of 2022.
The move was announced by Benny Chey, assistant managing director (development and international) at a virtual conference organised by Artemis. The idea is to raise Singapore’s profile as a reinsurance hub and attract more catastrophe bond issuers to the market. Chey also mentioned a desire to expand its range of ILS products beyond cat bonds.
You've reached your limit - Register for free now for unlimited access
To read the full story, and get unlimited access to Insurance Business website content, just register for free now. GET STARTED HERE
Already a website member? Log in below.