-
Hurricane Milton will show the ILS product behaving as investors expect it to. -
This is a far narrower drop than post Ian, when the index was lost 10%.
-
A $40bn Milton loss should barely dent many ILS returns but will trap some capital.
-
The raise includes minority investments from Nationwide, Enstar and others.
-
-
The biggest limitation to growth is supply, given ILS capital “reticence” after the 2016-22 years.
-
Katarina Scamborova has been appointed president of the new vehicle.
-
The facility will provide reinsurance coverage over three underwriting years.
-
Brokers expect strong competition at remote risk layers at the 1 January renewal.
-
He will be based in the Bermuda office and work to develop the underwriting associates.
-
Most of the ILS capital was attracted to the cat bond market.
-
Cat bond funds continue to draw interest as private ILS more challenged.
