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ILS use to increase in property/casualty, expand to new perils


U.S.-based Sidley Austin L.L.P. said that global insurers and reinsurers are likely to increase use of insurance-linked securities in the property/casualty segment and expand ILS operations to cover new perils this year, reports. The law firm said that ILS could provide insurers with extra capacity to cover complex risks such as cyber and floods.

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