The Domiciles Of Choice For ILS

In recent years, we have experienced what seems to be a never-ending stream of catastrophic events grabbing news headlines, including hurricanes, earthquakes, wildfires and even pandemic events. There have been concerns that sponsors and investors might shy away from ILS in the face of this onslaught of catastrophic events and the resulting claims on transactions. Despite all the headline-making events, market leaders anticipate strong issuance levels in 2020, in part due to a significant amount of maturities expected this year. Once again, the ILS market is proving to be very resilient.

ILS remains in high demand from both investors and sponsors and is not merely a novel product sitting at the fringes of the capital markets. With a track record stretching back into the mid-1990s, catastrophe bonds and other ILS products have convincingly demonstrated their staying power in the face of many challenges, including the financial crisis when ILS issuance continued