ILS fortifies its position
ILS: Deep roots on ‘The Rock’
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The insurance-linked securities market continues to grow, with Bermuda leading the way, according to the latest report from the Bermuda Monetary Authority.
Issuance volume in the third quarter of 2018 rose significantly year over year, according to the latest report on the insurance-linked securities (ILS) market by the Bermuda Monetary Authority (BMA).
According to the BMA report, there was $2.5 billion of new risk capital issued via nine catastrophe bond deals—$1.6 billion more than the amount issued during the same period last year.
Total issuance of $12 billion for the first three quarters of 2018 is the highest on record for this point in the year. The total nominal amount of outstanding ILS increased to $36.9 billion.
Bermuda Monetary Authority, BMA, ILS, Bermuda, report