ILS investors ‘increasingly confident’ over Uri recoveries: AM Best
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ILS investors ‘increasingly confident’ over Uri recoveries: AM Best

Fiona Robertson, 
Liz Bury
25 August 2022
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AM Best has detected a note of optimism among ILS investors who are “increasingly confident” over a lawsuit relating to Winter Storm Uri that could bring subrogation gains to insurers and reduce aggregate reinsurance losses.

The upbeat viewpoint relates to a case where more than 130 insurers are jointly suing Electric Reliability Council of Texas, and dozens of power-generating entities, for grid failures that exacerbated insured losses.

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