Coronavirus triggered claims could leak into ILS funds

Posted On: Mar. 5, 2020 5:37 AM CST

Edouard von Herberstein, partner at U.S.-based investment manager Hudson Structured Capital Management Ltd., said that some coronavirus- triggered claims could leak into insurance-linked securities funds as the market holds some exposure to contingency-related risks, Artemis reported. A few catastrophe covers can include an element of pandemic related coverage in certain countries, resulting in some leakage potential from the current outbreak, Mr. Von Herberstein said.