The insurance-linked securities (ILS) market continued to grow in 2018, reaching US$93 billion of outstanding non-life capital, according to a study by Willis Re.
In its recent ‘ILS Market Update’ report, the reinsurance arm of the global broking giant noted that the growth trend continued, despite a slowdown during the final quarter of the year as well as multiple smaller catastrophic events in 2018 and a meaningful series of catastrophes in 2017. This led to US$9.2 billion of new capital being delivered, marking the second most active calendar year in the market’s history.
You've reached your limit - Register for free now for unlimited access
To read the full story, and get unlimited access to Insurance Business website content, just register for free now. GET STARTED HERE
Already a website member? Log in below.