ILS
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Post-Milton investor interest in ILS has yet to translate into dollars allocated. -
Losses from the hurricane may not significantly impact on many funds’ annual returns.
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Risk remote strategies, including private ILS, have outperformed higher risk strategies over the last decade.
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The Dutch scheme is the largest ILS allocator with a long list of mandates within the sector.
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The manager’s ILS allocation now spans six of its seven investment funds.
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The ILS industry alumnus is understood to have two ILS investors lined up.
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Hurricane Milton will show the ILS product behaving as investors expect it to.
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A client presentation from the broker put total insured losses at $25bn-$40bn, leaving the Citizens and the National Flood Insurance Programs clear of reinsurance impacts.
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A $40bn Milton loss should barely dent many ILS returns but will trap some capital.
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Integrity Re 2024-D and Lightning Re 2023-1A are two bonds that were marked down, although no trading has occurred.
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Collateralised reinsurance and retro are in the firing line.
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The panelists discussed the ILS reset and the path to maintaining discipline in this sector.
