A recent downswing in interest in investing in the ILS market might be reversed by new developments, according to a new S&P Global Ratings report.
S&P Global Ratings’ latest report claims that despite a recent slowing-down of interest in insurance-linked securities (ILS), recent pricing trends show an upturn ahead for the ILS market.
Titled For Global Reinsurers, 2019 Pricing’s Green Shoots Look Promising, the S&P report pointed out that following disappointing reinsurance pricing increases in 2018 and early 2019, it seemed that no amount of catastrophe losses would be sufficient to harden the overall market.
“Alternative capital maintains its cautious stance after multiple catastrophe losses and loss creep during the past two-and-a-half years, seeking refuge with quality managers.”
S&P Global Ratings, Report, ILS, Catastrophe, Reinsurance, Property Cat, North America