Adam Schwebach of reinsurance broker Gallagher Re is expecting more new cedents to enter the insurance-linked securities (ILS) market in 2026, describing it as a product that can no longer be ignored for catastrophe risk.
Artemis recently spoke with Schwebach, Head of North America Property at Gallagher Re, about reinsurance supply demand dynamics in Florida, and the impact of ILS investors in the state after the much needed reforms.
“From an overall perspective, we think that there’s still ample supply of reinsurance within the state,” said Schwebach. “There are opportunities and probably a little bit more demand for reinsurance below the Fund. As that business exits Citizens and transitions to the private market, there’s some additional limit that needs to be accounted for at the bottom-end. But I think overall, that’s very, very manageable within the overall reinsurance market.”
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