Record ILS Growth Sets The Stage For Zurich Insurance Masterclass

Against the backdrop of record growth in the catastrophe bond and insurance-linked securities (ILS) market, Guernsey will be staging its fourth annual ILS masterclass in Zurich to share industry expertise on emerging risk opportunity for ILS managers and investors.

The first quarter of 2017 saw 14 global transactions with $2.76 billion of risk capital issued – approximately $1.4 billion above the 10-year average. The outstanding market size of $27.19 billion is roughly $377 million higher than at the end of 2016, according to figures from the Artemis catastrophe bond & ILS market Q1 2017 report.

The birthplace of captive insurance products like the protected cell company, Guernsey is now also a leading destination for ILS with the number of locally domiciled insurance entities growing from 804 to 835 by the end of 2016, a substantial year-on-year increase largely attributable to growth in the ILS market.