Cat bond softening brings ILS market back in lockstep with traditional rates: Gallagher Re
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Cat bond softening brings ILS market back in lockstep with traditional rates: Gallagher Re

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A softer cat bond market throughout the first half of 2023 represents the segment coming into line with traditional pricing off post-Hurricane Ian peaks, Gallagher Re international chairman James Vickers told this publication.

“The days that the ILS market could be arbitraged against are over – we think we will see [the cat bond and traditional segments] begin to move much more in lockstep,” he said, speaking as the firm released its...

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