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Cat bond & ILS prices imply “very hard market” after Ian: Lane Financial

Analysis of catastrophe bond and insurance-linked securities (ILS) market pricing in the wake of hurricane Ian implies a significant hard market is ahead, with issuance multiples perhaps needing to rise by 20% to 30%, according to Lane Financial LLC.

Lane Financial LLC’s Morton N. Lane, President and Roger G. Beckwith, Vice President, analysed catastrophe bond pricing sheets after hurricane Ian and conclude that the ILS market is effectively pricing in its biggest ever loss from a single catastrophe event.

Perhaps more importantly though, the analysis implies that the ILS market is already pricing in hurricane Ian’s loss at or near the top-end of catastrophe modeller industry estimates.


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