The insurance-linked securities (ILS) market is undergoing a “dramatic repricing”, leading to a situation that Alex Conyers of Neuberger Berman explains as “an exceptional opportunity for investors looking for non-correlated returns.”
“Few asset classes can offer sizable, floating rate returns with no correlation to broader financial markets,” Conyers, a Senior Vice President in the Neuberger Berman ILS investment team explained recently.
The opportunity is at its best because insurance-linked securities (ILS) have now entered a “historically favorable” hard market, Conyers said, meaning that higher returns are available, while at the same time terms and conditions are also tighter and as a result more favourable returns available to the ILS investor base.
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