TPRE - ILS Capital Slowdown Temporary Market Growth To Continue: Rating Agencies
The much-discussed slowdown in insurance-linked securities ((ILS)) capital and collateralized reinsurance or retrocession capacity growth of recent months is expected to be merely a temporary blip, according to some of the rating agencies.
The ILS market has been more cautious about reloading for the recent January renewals and so far in 2019, after the continued upwards revisions in catastrophe losses from 2017 and the additional sizeable losses from 2018, all of which served to add to the amount of ILS and collateralized reinsurance capital that has now been trapped.
As we reported last week, broker