Reinsurance buyers are put off by the complex structuring of catastrophe bonds, despite recognising the lucrative benefits of these deals. Intelligent Insurer speaks to a selection of professionals within the ILS space to find out more.
With an increasing number of cedants beginning to enter the insurance-linked securities (ILS) market and issue cat bonds, some reinsurance buyers have voiced their frustrations towards the complexity attached to the transactions.
While they agree that these deals have many benefits—especially as the market evolves—the structuring process can be time-consuming and has the potential to be improved.
Speaking at Munich Re’s ILS roundtable at the Monte Carlo Rendez-Vous, Franco Urlini, head of group reinsurance and R&D at Generali, and Jim Fiore, chief reinsurance officer at QBE, explain the positives and the costs of entering the ILS market.
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.
Cat bonds, ILS, structuring, Munich Re, Sidley Austin