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ARTICLE · 21 DECEMBER 2021

A Silicon Valley For ILS

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As the ILS market continues to innovate and evolve, driven by external forces including ESG, it will stay at the forefront of the Island's future developments, a panel of experts concludes in this ILS Roundtable.

BermudaFinance and Banking
Brad Adderley
Brad Adderley
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Bermuda Finance 2021/2022, ILS Roundtable, in association with EY.

As the ILS market continues to innovate and evolve, driven by external forces including ESG, it will stay at the forefront of the Island's future developments, a panel of experts concludes in this ILS Roundtable.

Q1: HOW WOULD YOU CHARACTERISE THE HEALTH OF THE ILS MARKETS IN BERMUDA?

Craig Redcliffe: After a period of no growth over the previous few years, largely due to some heavy losses in 2017 and 2018, 2021 saw a return to growth. It's through a mix of growth at some of the larger existing insurance-linked securities (ILS) managers, the formation of new managers and the launch of new funds.

We've seen some significant new ILS bonds, as well. Overall, 2021 has been a period of renewed growth in the ILS market, which is encouraging.

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