Multi-year cat bonds will increasingly differentiate ILS offering: Millette
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Multi-year cat bonds will increasingly differentiate ILS offering: Millette

michael millette.jpg

The traditional reinsurance market is going through a “profound shift” that will open opportunities for the ILS market, HSCM co-founder Michael Millette said.

Reinsurers are being penalised by stock markets for any perceived outsized exposure to cat risk.

“You will see a continued shift to the capital markets, and within capital markets to cat bonds,” Millette forecast, noting that this would not mean...

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