Copying and distributing are prohibited without permission of the publisher
CEO FORUM: Hannover Re's Wallin on the return of ILS
06 May 2010
Demand for insurance-linked securities currently outstrips supply. But that will bring more risks to market this year and prompt the packaging of new lines of business, says Ulrich Wallin, CEO of Hannover Re.
Read more:
insurance-linked securities
ILS
Hannover Re
Ulrich Wallin
Who would have thought at the end of 2008, at a stage where the funds available to ILS investors were scarce, that a year and a half later the situation would be totally different? Financial resources have come back to the ILS market and are ready to be invested – but now new issuances and availability on the secondary market are scarce.Let us take a closer look at what has happened:2007 – A record yearNever before was the volume of insurance-linked securities as high as it was in 2007 (life and non-life combined). Taking the development from 2004 to 2007 and using this as a basis for further projections, some people had already forecast that capital markets would take over traditional reinsurance. It seemed that the future for ILS could only become brighter.2008 – ShockThe financial crisis hit the world and had a significant impact on the ILS market for...
You must be logged in to view this page. If you are already a registered user please log in. Alternatively, you can request a free trial or subscribe.