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Member, Beacon International Group, Ltd.
U.S.-based law firm Sidley Austin L.L.P. said that the use of insurance-linked securities and alternative reinsurance mechanisms in the global property/casualty market is likely to expand further this year, Artemis.bm reports. The law firm said that traditional reinsurers will continue to explore new ways to use third-party capital. The ILS market is also likely to expand its lines of business and access new perils and territories such as emerging insurance needs for flood and cyber risks.