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Member, Beacon International Group, Ltd.
Michael Popkin, managing director and co-head of insurance-linked securities at Jardine Lloyd Thompson Capital Markets Inc., has said that the diversification offered by capital markets in the ILS space suggests capital markets will not be leaving the reinsurance industry anytime soon, Artemis.bm reports. A large number of reinsurers now use ILS capacity and features in some form or another, making it "increasingly difficult to tell what is a traditional reinsurer and what is a capital market fund," Mr. Popkin said.