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ARTICLE · 05 OCTOBER 2022

Q3 2022 Catastrophe Bond & ILS Market Report

Appleby
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In Adderley's mind, one sign of a true hard market is when deals don't get done at any price, and we know that one or two cat bonds failed to come to market in the second-quarter.

BermudaInsurance
Brad Adderley
Brad Adderley
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Unlike previous hard market cycles, some insurance linked securities (ILS) managers eager to deploy more capacity are struggling to raise capital, and with startups reportedly more challenging to launch, Brad Adderley questions if we're finally approaching a true hard market.

We spoke with Adderley, Bermuda Managing Partner at global law firm Appleby, shortly after the annual meeting of the reinsurance industry in Monte Carlo, to hear his thoughts on the catastrophe bond, ILS and broader re/insurance industry ahead of the key January renewals.

"Yes, the market is hard, but whether it's the best hard market or not, and if it's truly hard, well that remains to be seen," said Adderley.

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