Expect ILS sector to be larger post-event
Monday, 09 11 2017, Category: Nature, Country: World
We should expect the insurance-linked securities (ILS) sector and its pool of alternative reinsurance capital to be larger post-major catastrophe events, than before it. As investors stand ready to launch new structures and deploy post-event capacity, according to Paul Schultz, CEO of Aon Securities.
Speaking today in Monaco at the Reinsurance Rendez-vous event, Paul Schultz explained that rather than anticipate investors fleeing, should the combined losses of recent catastrophe events and hurricane Irma (which is approaching Florida right now), the market should expect investors to upsize their allocations, while a number of investors that have exited the ILS space in the past are expected to return as well.