While the insurance-linked securities (ILS) market is now beginning to see broader growth resuming, with some successful capital raises across private ILS and collateralized reinsurance, the catastrophe bond market is still leading the way as the main source of ILS market growth in 2023, Aon Securities’ latest data shows.
The broker issued its latest reinsurance market report recently, highlighting a return to growth for alternative reinsurance capital and that it hit a new high of $100 billion at the end of Q1 2023.
Aon highlighted the very strong catastrophe bond market as one of the key sources of inflows that have helped to drive the ILS market back to growth and to this new high.
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