Catastrophe losses drive cat bond, ILS ratesPosted On: Jul. 9, 2019 7:15 AM CST
U.S.-based consultancy firm Lane Financial L.L.C. said that catastrophe bond and insurance-linked securities premium rates across the world increased 7% in the second quarter driven by catastrophe related losses, Artemis.bm reports. The consultancy firm said that cat bond and ILS rates started increasing after hurricane-related losses in 2017 and loss creep related to typhoon Jebi in Japan.