The insurance-linked securities (ILS) market needs to defend the gains it has made in improved terms and conditions, making sure technical underwriting standards are maintained, Marcel Grandi of investment manager Twelve Capital has said.
Speaking to Artemis around the 2022 Monte Carlo Rendezvous reinsurance event, Marcel Grandi, Head of ILS Sourcing at Twelve Capital explained the importance of holding steady on contract term improvements.
Over a number of renewal seasons now, reinsurance and retrocession terms and conditions have been improving, from the underwriters point of view, while pricing and rates-on-line have been firming.
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