While the ILS market has moved beyond traditional property catastrophe risk and expanded into emerging perils such as cyber, casualty and specialty lines in recent years, Cahal Doris of Twelve Securis has expressed that this growth must be driven by pricing, structure and understanding, and not simply for the sake of expanding the market.
Speaking to Artemis around the reinsurance conference season, Doris, who serves as Chief Investment Officer ILS at the firm, outlined that Twelve Securis views the current ILS market as being very healthy.
However, he also stressed that the market’s resilience will always be tested following any major loss event.
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