Q3 results: Delayed benefits for ILS managers from prior-year releases
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Q3 results: Delayed benefits for ILS managers from prior-year releases

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We have previously warned that 2023 would be a tricky time for ILS managers. Even with stronger prospective underwriting returns this year, it will take time for investor appetite to return and for delayed performance fees to be recognised.

While their investors are benefitting from the 2023 hard market, there is an inbuilt lag in ILS management platforms picking up this momentum.

However,

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