GANADO Advocates lawyers Matthew Bianchi and Nicholas Curmi recently participated in SIFMA’s annual Insurance and Risk Linked Securities Conference which was held on March 3, 2015 in New York City at the Grand Hyatt Hotel. FinanceMalta were also present and sponsored the SIFMA conference, keeping up recent efforts by the jurisdiction to raise awareness about Malta’s regime for special purpose reinsurance vehicles.
FinanceMalta, in collaboration with GANADO Advocates, EY Malta and Marsh Management Services Malta, also organised an information session that was held back-to-back with the SIFMA event entitled “Why Malta? Recent Developments in Securitisation”.
Matthew and Nicholas delivered presentations on Malta’s securitisation offering to a wide variety of delegates that included several international investment banks and leading U.S. law firms, highlighting the unique benefits of Maltese securitisation vehicles available to originators and investors, both in the insurance-linked securities sector and for a multitude of other asset classes such as aircraft and ships (and their lease/charter party receivables). In addition to addressing the increased level of interest by originators and arrangers in Malta’s securitisation regime and a spike in transactions over the past couple of years, key topics discussed included the legal framework and tax rules for Maltese securitisation vehicles and recent legislative developments, including the introduction of regulations for securitisation cell companies.