Strong start in 2016 for ILS & cat bonds
Friday, 04 22 2016, Category: Insurance and Reinsurance, Country: World
The record start to 2016 for the catastrophe bond and insurance-linked securities (ILS) market “bodes well” for the rest of the year, according to Paul Schultz of Aon Securities, particularly when the competitive nature of reinsurance markets are considered.
The quarterly ILS market reports are coming thick and fast, with the latest being from Aon Securities, the investment banking, capital markets and ILS structuring unit of insurance and reinsurance broker Aon.
Schultz, CEO of Aon Securities, reflects on the records broken during the first-quarter of 2016, with both Q1 issuance and the size of the outstanding market achieving new highs.