John Butler, managing partner and head of sourcing at Twelve Capital talks to Intelligent ILS about the increase in cat bond lites and using the cat cycle to maximise returns.
In an ever-evolving market, fund managers are seeking out new strategies and structures to efficiently make the most of the insurance-linked securities (ILS) market.
The past 24 months has been peppered with ‘cat bond lite’ transactions which, due to their lower capital requirements and reduced level of document complexity, have opened the door to a new wave of private ILS cedants.
For Twelve Capital, a fund manager which focuses on multiple asset classes, these transactions have helped to generate positive returns for investors, while encouraging new, or rarely seen, perils into the ILS sector.
To continue reading, you need a subscription to Intelligent Insurer. Start a subscription today for £655.
In-house feature articles, the archive and expert comment require a paid subscription. Subscribe now.
Want to give it a try? We are offering a two week free trial to the Intelligent Insurer website – register and select “Two Week Free Trial” to begin access to the full Intelligent Insurer archive and read the latest news, features and expert comment. Begin your free trial here.
Is your 2 week free trial about to end? Upgrade to a 12 month subscription for £655 now.
If you have already subscribed please login.
If you have any technical issues please contact support.
Twelve Capital, ILS, Cat bond lite