After an active Q1, Paul Schultz, CEO at Aon Benfield Securities, talks to Intelligent ILS about the driving factors behind the first quarter and his thoughts on the next.
Issuance of insurance-linked securities (ILS) reached $1.7 billion in the first quarter of 2015, more than any other first quarter in the history of the ILS sector, according to Aon Benfield’s latest report.
This activity was driven by a number of factors, but notably two, as Paul Schultz, CEO at Aon Benfield Securities, explains.
“There are two main factors driving ILS activity. First, there is continued diversification of reinsurance capacity for clients, with some clients now allocating capital more formally to the catastrophe bond market over the other markets. In other words, ILS is becoming more formally segmented.
Aon Benfield Securities, ILS, cat bonds, Q1