HVRRF - Expect More Re/insurance And ILS Convergence Through M&A: S&P
Mergers and acquisitions (M&A) activity is expected to continue driving greater convergence of traditional insurance and reinsurance with the insurance-linked securities (ILS) market, S&P Global Ratings expects.
With conditions in reinsurance in general remaining a little pressured, in terms of earnings, while capital remains abundant, S&P believes that structural changes in the industry will continue, leading to a continuing desire among traditional players to access the alternative sides of the market.
Convergence of traditional insurance or reinsurance underwriting with the capital markets and ILS fund managers has been a theme for years, of course, but