About 20% of ILS capital trapped, likely to drive rates: A.M. Best

Posted On: Feb. 12, 2019 4:49 AM CST

U.S.-based ratings agency A.M. Best Co. Inc. said that about 20% of total insurance-linked securities and third-party reinsurance capital remains trapped in funds and other structures due to losses in 2018, Artemis.bm reports. A.M. Best said that a potential lack of ILS capital could drive rate increases at the upcoming renewals.