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International

Trapped ILS capital related to cat losses totals $15 billion: Aon

July 12, 2019 Reprints

U.K.-based Aon P.L.C. said that the amount of insurance-linked securities and collateralized reinsurance collateral still trapped after recent catastrophe losses totaled roughly $15 billion in the first quarter of the year, Artemis.bm reports. The insurance broker said that loss creep related to typhoon Jebi and hurricane Michael could continue to hit the ILS sector this year.

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Trapped ILS capital related to cat losses totals $15 billion: Aon

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