ILS

The panel discussed the need to adapt to ESG and climate change

The panel described cyber as a short tail peril suitable for ILS markets, although the “non-stationary” nature of the risk might limit the duration of structures that can be placed.

The broker put ILS capital at $96bn by year end, $1bn lower than mid-2021 but ahead of its $94bn year-end 2020 estimate.

The Leadenhall co-founder was recognised alongside other winners including Ontario Teachers Pension Plan and Aon Capital Advisory.

The panel also spoke of a “bifurcation of investors” between sophisticated ones seeing a complement to cat risk, and smaller ones which prefer simplicity.

Lloyd’s CFO and COO Burkhard Keese told delegates at the London ILS 2022 Conference that the platform’s scope will widen beyond quota share structures.

The ILS CEO spoke about growth opportunities at Trading Risk’s London ILS conference

The ILS platform delivered stable revenues as Markel spent $102mn on its Catco buyout.

Guy Carpenter, Aon and Gallagher Re are each understood to be preparing to enter the nascent sector.

The Bank of England pledged to smooth the process for certain types of short-tail ILS businesses to give faster response times

The pension fund is drawing back its investments in Aeolus and Nephila and set up a new mandate with Pillar.

The ILS platform was transferred to Gallagher Re when it bought Willis Re last year.