Alternative capital in the form of insurance-linked securities is here to stay, and its response to a record-setting year for natural-catastrophe losses has “fundamentally changed marketplace dynamics,” according to a property market update from Willis Towers Watson.
The broker said catastrophe-exposed properties with recent losses are facing rate hikes of 20-25 percent, and similar programs without losses are facing increases of 10-20 percent.
Chad Hemenway, Alternative capital a wet blanket on natural-catastrophe spark to harden property market (February 15, 2018).
This story in an excerpt of the original. The content originally appeared in Advisen Professional Front Page News.
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