As alternative reinsurance capital, so that deployed through insurance-linked securities (ILS) and related collateralized structures, continues to expand and gain momentum across the reinsurance market, this pace is expected to continue, and according to Laurent Rousseau of broker Guy Carpenter, this will lead to a greater space for financial investors.
Rousseau, who serves as CEO of Global Capital & Advisory, Europe and IMEA at the broker, made these comments during a recent episode of Mercer’s Critical Thinking podcast, that was hosted by David Morrow, Global Insurance Proposition Leader at Mercer.
To begin with, Rousseau explained how the risk transfer market has evolved since 1992’s Hurricane Andrew, a major event that was transformative towards the creation of the ILS and catastrophe bond markets.
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