ILS investor appetite uninhibited by recent losses
Friday, 08 31 2018, Category: Insurance and Reinsurance, Country: World
Global reinsurance giant Swiss Re has noted the continued and increased appetite of insurance-linked securities (ILS) investors to allocate capital to the sector, despite recent losses and potential ongoing loss development from 2017’s catastrophe events.
The Switzerland-based reinsurer’s Capital Markets unit has released its H1 2018 ILS report, which, explores issuance in the first-half of the year following the costliest catastrophe loss year on record for global insurers and reinsurers.
According to Swiss Re, issuance in H1 2018 reached $7.3 billion from 20 transactions, which, while extremely strong, is below the $8.4 billion of issuance witnessed in the same period last year, which ended up being a record full-year for catastrophe bond issuance.