SSREF - ILS Fund Returns Dented By Continuing Loss Creep In March
Continued loss creep suppressed the returns of catastrophe bond, insurance-linked securities (ILS) and reinsurance linked investment funds in March 2019, causing the ILS Advisors Index to fall to a negative -0.12% for the month.
Loss creep challenges continue for the ILS fund market, as well as for broader insurance and reinsurance players that had been impacted by some of the complex catastrophe events of the last year.
Our readers will be all too aware of the typhoon Jebi related loss creep that has continued to hurt reinsurance firms and ILS players. Virtually no one has