As discussions begin regarding the upcoming January reinsurance renewals, the question of how disciplined ILS managers will remain on contract structures looms, with Cahal Doris, Chief Investment Officer (CIO) Private ILS, at Twelve Securis suggesting that ILS managers would be wrong to give away structural improvements at 1/1.
Artemis spoke to Doris around the Monte Carlo Rendez-vous event, to discuss a range of topics regarding private ILS as the industry moves into the year-end negotiations.
According to Doris, transparency and clarity about yield expectations and risks, especially regarding the modelling of secondary perils, are crucial areas that the ILS markets and alternative capital managers should be taking into their meetings with investors and cedents, as we move into the year-end renewal negotiations.
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