The 144A ILS market has proved its durability this year

The 144A insurance-linked securities (ILS) markets have proved their durability in the past 12 months and remain of great interest to investors for many reasons, which will stand the sector in good stead, Stephen Rouff, global head of  Schroders Capital ILS, told Intelligent Insurer.

Rouff said to understand where ILS is now, it is important to appreciate the nuances of how the market has responded in the past 12 months. In the aftermath of Hurricane Ian, which would have triggered some bonds had early estimates on the event’s losses been accurate, the market re-priced. Spreads moved to record highs.