One of the biggest evolutions in the ILS market has been the move away from a hedge fund investor base to a more permanent capital base, according to RenaissanceRe managing director Chris Parry.
Plans to launch a vehicle that is both an ILS fund and insurance transformer are being reviewed by the Guernsey regulator, Carey Olsen partner Christopher Anderson revealed at We Are Guernsey’s ILS reception in London last month.
Cat bonds are becoming a “primary area of focus” for investors after faring well amid two years of catastrophe losses, AlphaCat CEO Lixin Zeng said at this year’s Sifma IRLS conference in Miami.
There is uncertainty around whether it will ultimately be the ILS market or the traditional reinsurance market that drives wildfire re-pricing, panellists said at the Sifma IRLS conference in Miami.
