Deloitte: London could package new ILS products

London's finance sector and new technology could expand insurance-linked securities (ILS) outside their traditional domain and package up different risks into tradeable products, according to a Deloitte consultant.

  • By Jasper Cox
  • 09 Aug 2018

The UK passed the Risk Transformation Regulations last December, encouraging ILS vehicles to be set up in the UK.

Just two deals have used the legislation so far. In January Neon executed a collateralised quota share reinsurance transaction.

And in May Scor issued the first catastrophe ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 13,823 26 18.14
2 Bank of America Merrill Lynch (BAML) 8,207 26 10.77
3 Lloyds Bank 7,202 22 9.45
4 Citi 6,256 16 8.21
5 JP Morgan 5,220 8 6.85

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1 Citi 105,474.10 301 10.96%
2 Bank of America Merrill Lynch 86,762.28 250 9.02%
3 JPMorgan 81,465.60 238 8.47%
4 Wells Fargo Securities 77,934.65 225 8.10%
5 Credit Suisse 63,570.21 165 6.61%