Run-off market to attract more ILS
Saturday, 02 13 2016, Category: Insurance and Reinsurance, Country: World
There is an expectation that alternative or third-party capital and ILS investors will increase their appetite for participating in insurance and reinsurance run-off or legacy transactions, according to Arndt Gossmann, CEO of run-off specialist DARAG.
Gossman forecasts another busy year in 2016 for the insurance and reinsurance run-off market, with deal sizes expected to grow as larger re/insurance players look to use run-off transactions as a way to remove their legacy risks from the balance-sheet and release capital.
“In 2016, the market is bound to reach a new peak. This year, we expect the total volume of run-off deals to reach an all-time high of 4 billion euro,” Gossman explained.