Paul Schultz, CEO at Aon Benfield Securities, talks to Intelligent ILS about short-term cat bonds, ILS transparency and trading in the secondary market.
The growing insurance-linked securities (ILS) market has encouraged sponsors to thirst for the ‘bespoke’ catastrophe bond, with many seeking longer terms and larger transactions.
The latest of these sponsors to enter the market with a rare term of six months, is AIG. In May this year, the insurer issued Compass Re II, which will cover the US hurricane season.
While a bond of this term is unusual, it has been done before as Paul Schultz, CEO, Aon Benfield Securities, explains.
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.
ILS, Aon Benfield Securities, AIG, cat bonds