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Catastrophes wear out ILS investors

A year and a half of costly insurance losses from the disasters such as the 2017 US hurricanes and last year’s wildfires in California are grinding down investors in catastrophe bonds and other insurance-linked securities. That raises questions over the direction of a market that has experienced consistent growth up to now, writes Jasper Cox.

  • By Jasper Cox
  • 03 Jan 2019

The weaker sentiment has been demonstrated by a more cautious attitude to this year’s January renewals, where insurance firms reinsure the risk on their balance sheets, and by a fall in the value of funds that buy cat bonds.

Cat bonds, and the broader ILS asset class of ...

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3 Citi 9,751 23 10.76
4 Lloyds Bank 7,329 24 8.09
5 JP Morgan 6,580 10 7.26

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