The mania for insurance-linked securities (ILS) shows no sign of abating. Willis Capital Markets & Advisory reports that $4.5 billion of non-life catastrophe (cat) bonds were issued in the second quarter of this year across 17 deals – the highest volume in any three-month period to date. Total outstanding cat bond volumes now hover around $23.06 billion (£14 billion).
The typical format of ILS is evolving rapidly, with the balance of power between investors and cedents tipping towards the latter
The week on Risk.net, December 9–15 2017Receive this by email