ILS could expand scope to cover new risks, exposures: Swiss Re

Moses Ojeisekhoba, chief executive of reinsurance at Swiss Re Ltd., said the insurance-linked securities sector is expected to expand its scope to cover new risks and exposures in the global insurance market, Artemis.bm reports. Mr. Ojeisekhoba said that Swiss Re could make use of ILS to set up risk pools and tap into new sources of risk premium. Swiss Re will also increasingly face competition from the ILS sector in the property natural catastrophe risk segment, he added.

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