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The insurance-linked securities market is entering the second half of the year in good condition as the industry grows more comfortable with it, as Paul Schultz, CEO of Aon Securities, told Intelligent ILS.
There are no major implications for the insurance-linked securities (ILS) market from the Fort McMurray wildfire that ripped through a major oil-producing area of Canada in May this year, according to Paul Schultz, chief executive officer of Aon Securities.
“It’s possible that we might see some losses flow through from some of the collateralised/retro exposure, but nothing that will have a significant impact on market behaviour,” Schultz says.
Looking back at the first half of 2016, Schulz says that in terms of catastrophe bonds the first quarter had been a very strong period for issuance, but that the second quarter had been below expectations, with issuance volumes level below historical levels.
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market, Schultz, securities, bonds, insurance-linked, McMurray, wildfire