Re-underwriting and De-risking in the Insurance-Linked Securities Market
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<title>Re-underwriting and De-risking in the Insurance-Linked Securities Market</title>
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<issuance>monographic</issuance>
<place>
<placeTerm type="text">Oldwick [etc.]</placeTerm>
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<publisher>A.M. Best Company</publisher>
<dateIssued>2022</dateIssued>
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<extent>9 p.</extent>
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<abstract displayLabel="Summary">The global insurance-linked securities (ILS) market remains saddled with prior catastrophe losses, a decline in assets under management (AUM) for some prominent ILS funds, and a drop in the overall performance of ILS funds despite another year of a record cat bond issuance. According to Trading Risk, the top-tier ILS managers lost more than USD2 billion, approximately 6% of their AUM, in the second half of 2021, because of catastrophe activities and redemptions. In response, ILS fund managers are re-underwriting and de-risking their portfolios, as rate increases are no longer a panacea for improving underwriting results and satisfying skittish investors.</abstract>
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<topic>Seguros vinculados a valores</topic>
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