Lloyd's managing agencies pitch for greater use of ILS: Survey

Posted On: Aug. 15, 2018 6:12 AM CST

A survey by Lloyd’s Market Association found that 80% of Lloyd's insurance managing agencies are calling for insurance-linked securities to be a permanent fixture for capital in the reinsurance market, Artemis.bm reports. The survey found that two-thirds of Lloyd’s managing agencies expect the new U.K. ILS framework to be utilized in the next 12 months.