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International

Lloyd's chairman says ILS and alternative capital develops and grows poses serious challenges

November 13, 2015 Reprints

Lloyd's of London chairman John Nelson has warned the insurance and reinsurance industry to carefully employ insurance-linked securities and alternative capital, reports Artemis.bm.

Mr. Nelson has warned that alternative capital and dealing with it is an immediate challenge to the industry. "While ILS's, in the right structure, provide useful additional reinsurance capital, industry and regulators must be watchful in terms of the evolution of their structures," added Mr. Nelson.

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Lloyd's chairman says ILS and alternative capital develops and grows poses serious challenges

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