ILS pipeline breaks 2017 expectations

28-09-2017

ILS pipeline breaks 2017 expectations

istock.com / kodda

2017 has already seen far more than the anticipated level of insurance linked securities business – and the year isn’t even over yet, Paul Schultz, CEO of Aon Securities tells Intelligent ILS.

2017 has seen far more than the anticipated level of insurance linked securities business – and the year isn’t even over yet, Paul Schultz, CEO of Aon Securities told Intelligent ILS.

“The most notable happening in the ILS sector in the second quarter of 2017 was simply the sheer amount of catastrophe bond issuance - $6.4 billion, which, when combined with the issuance from the first quarter of the year, set a new record for annual issuance, meaning that the total for those six months was higher than any calendar year period on record,” Schultz points out.

Schultz said that this high level of activity was driven by three things; firstly, there were bonds that were maturing, of which a good percentage renewed. And then on top of that the market saw further growth with new sponsors – there were a total of three new sponsors in the second quarter. And finally, there was a trend towards the significant upsizing of the issuance amount.


Paul, Schultz

Intelligent Insurer