Insight and Intelligence on the London & International Insurance Markets 22 Aug 2017
New ILS record threatens traditional model, says Willis
- 1 August 2017
Willis Towers Watson Securities has said the record $6.3bn of non-life cat bond issuance in the second quarter may spell the beginning of the end for traditional property cat reinsurance.
"We very well may look back and see Q2 2017 as the death knell of the traditional property cat reinsurance model," it said in its latest quarterly market report.
The firm noted that the insurance-linked securities (ILS) sector still had a long way to go to expand in the middle...
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