Private ILS fund returns accelerate in May, beat cat bonds for first time in 2023
The returns of private ILS funds, so those that invest in privately transacted insurance-linked securities (ILS) including collateralised reinsurance and retrocession, have outpaced pure catastrophe bond funds for the first time this year in May 2023. This is according to the Eurekahedge ILS Advisers Index, which reported an average ILS