Tight Asian retro capacity means new opportunities for ILS

Reinsurers looking for retrocession cover in Asia will not expect a further hardening but also no major concessions on terms and conditions, after the dislocation in the retro market has widened between their portfolios and the coverage available, according to Sascha Bruns, director, head of global retrocession, at  Peak Re.

He thinks that the situation presents opportunities for international capacity providers and may spark renewed interest in insurance-linked securities (ILS).