The second quarter of 2014 demonstrated strong interest in the market, with catastrophe bond issuance reaching $4.5 billion. As the second half of the year promises to be equally active, Paul Schultz, CEO at Aon Benfield Securities talks to Intelligent ILS about the market’s evolution and how this will impact renewal discussions.
Aon Benfield Securities predicts that $100 billion of new alternative capacity will enter the insurance-linked securities (ILS) market over the next five years—a figure that demonstrates the growing demand within the sector.
As supply and demand continue to flourish, the evident reshaping of the reinsurance sector can be aligned with the maturity of the ILS market.
“The first half of the year saw some interesting deals come to the market,” says Paul Schultz, CEO at Aon Benfield Securities, giving the Allstate deals as an example.
Aon Benfield Securities, cat bond, ILS, renewals, RVS, Paul Schultz