ILS market grows to $75 billion, weathers cat losses
Posted On: Jan. 18, 2018 4:37 AM CSTJames Kent, global chief executive of U.S.-based reinsurance broker Willis Re Inc., said that the insurance-linked securities market has grown to about $75 billion and comfortably weathered recent catastrophe losses, Artemis.bm reports. The continued supply of capital has helped curtail widespread increases in risk-adjusted rates particularly on loss free portfolios, he said.