Legacy market matures. Alternative capital and ILS play increasing role: PwC report

As PwC released its sixteenth Global Insurance Run-Off Survey report today, we took a look at what the legacy reinsurance sector is saying about the growing use of alternative capital in the space, as well as how legacy solutions are now serving insurance-linked securities (ILS) funds and investors as well.

PwC releases its legacy report each year during the Monte Carlo Rendez-vous event and over recent years we’ve noted an increasing amount of discussion around the growing connectivity between the legacy and non-life run-off sector and the ILS market.

Last year, Matt Britten, Partner, Insurance at PwC Bermuda highlighted the casualty ILS market as an area for the legacy reinsurance and ILS sectors to collaborate.

Then in February this year, PwC highlighted that the intersection of the legacy market and ILS could drive deal-flow.

FULL ORIGINAL PUBLICATION HERE