ILS
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Many investors are in a “hold and assess” pattern on ILS, but some changes in the broader landscape could be more positive for the industry. -
There are two strands to the investor response to ILS climate-change issues, the consultant said.
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The impact of Hurricane Ida and other 2021 losses, compounding issues with the industry’s five-year track record, has shown up in the slide in assets under management.
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Investors are increasingly concerned about legislative changes and climate change, but there are drivers for optimism, the consultant said.
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The firm will look to grow its offerings on climate change and natural catastrophe risk.
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Axa XL’s UK and Lloyd’s CEO said speed of decision-making was key to UK market growth.
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The Swedish pension scheme is ‘happy to absorb concentrated [cat] peril risk’.
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Greater participation of cat bond investors in the retro market has some advantages alongside the risks.
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The team will not offer an ILS product but plans to invest in insurer capital-relief instruments as part of a new asset management play.
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The regulator is also reviewing Solvency II post-Brexit.
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Alecta said it was "convinced" ILS could produce high-quality, uncorrelated returns.
