ILS

Hurricane Milton will show the ILS product behaving as investors expect it to.

A client presentation from the broker put total insured losses at $25bn-$40bn, leaving the Citizens and the National Flood Insurance Programs clear of reinsurance impacts.

A $40bn Milton loss should barely dent many ILS returns but will trap some capital.

Integrity Re 2024-D and Lightning Re 2023-1A are two bonds that were marked down, although no trading has occurred.

Collateralised reinsurance and retro are in the firing line.

The panelists discussed the ILS reset and the path to maintaining discipline in this sector.

The class of 2023-24 cat bond funds will grow existing investors and add new ones.

The executive has worked for Hamilton for over a decade.

Richard Pennay will become CEO of Aon Securities.

The firm’s new name is inspired by 18th Century Swiss mathematician Leonard Euler.

The performance marked the best August for ILS since the index incepted in 2006.

The biggest limitation to growth is supply, given ILS capital “reticence” after the 2016-22 years.