Reinsurers seek innovation in ILS market
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Alternative capital continues to be attracted to the re/insurance market. Sponsors and intermediaries are looking at ways to introduce more perils to the capital market, with recent deals covering operational risk and non-US catastrophe perils.
Cyber risk is often tipped as an obvious candidate to bring to insurance-linked security (ILS) investors owing to the sheer extent of potential losses and the lack of adequate capacity offered by the reinsurance market.