The twin, positive impacts of rising prices and much improved
terms means that the hardening market environment isn't going
away anytime soon, suggesting ever-increasing success for the
insurance-linked securities (ILS) space, according to Brad Adderley, senior partner in Appleby's
Bermuda office who has been involved in a significant number of ILS
transactions.
Poised to surpass $16 billion for the very first time, annual
catastrophe bond and related ILS issuance in 2020 is set to break
numerous records.
Excluding a slight lull during the height of the Covid-19
pandemic earlier in the year, the catastrophe bond segment once
again showed its resilience to financial market turmoil and
volatility.
