Paul Schultz, chief executive officer of Aon Benfield Securities, talks to Intelligent Insurer about the current trends being seen in the ILS market, and explains that this year sidecar usage will increase further.
Following a successful 2014 for the insurance-linked securities (ILS) market, 2015 promises to be another big year.
However, as Paul Schultz, chief executive officer of Aon Benfield Securities, explains, while growth in the collateralised market as a whole will increase, catastrophe bond growth is likely to be flat.
“We’re starting to see the pipeline build really well and as we would expect. We forecast that cat bond issuance in 2015 will be similar to that in 2014—so between $7 and $8 billion,” he says.
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Paul Schultz, Aon Benfield Securities, ILS, sidecars, collateralised reinsurance