Lightspring / Shutterstock.com
As the first quarter of 2016 came to an end, Aon Benfield released its latest report on the global reinsurance sector. Paul Schultz, chief executive officer of Aon Securities, discusses how the ILS market contributed to the wider picture.
With the first quarter of the year now past the market, Aon Benfield’s latest study reveals a good start to the year for insurance-linked securities (ILS) according to Paul Schultz, chief executive officer of Aon Securities.
“As we look back at the first quarter of 2016, we see that it was a record first quarter issuance, with good support from reinsurers and primary insurers, and from diversifying perils, such as Japanese risk,” he says.
According to Schultz, the strength of the quarter was characterised by a good level of diversification, good issuance, and representation from primary companies, reinsurers and international companies.
Aon Securities, Paul Schultz, ILS, , insurance-linked, issuance, market, reinsurance