New Drama In Insurance-Linked Securities

Law360, New York (January 16, 2013, 11:56 AM EST) -- With capital markets remaining very active in underwriting insurance risks, some recent developments involving repayment of insurance-linked securities (ILS) are worth exploring, particularly against the backdrop of numerous natural disasters over the last few years. With these recent events introducing uncertainty into the ILS space, the time is ripe to revisit the most common kinds of ILS documents with an eye to preventing certain ambiguities in future deals.

Such an effort would serve the interests of insurers, investors and service providers (calculation agents, trustees, etc.) alike...
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