Rising US Property Claims Drive ILS Capital Offerings and Insurance Solutions
1 report, 1 independent
Updated Mon 00:00
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What happened
Paschal Brooks was hired by Liberty Mutual Investments as Managing Director and Head of Insurance Solutions & Capital Markets. This hiring comes as rising US property claims are driving new insurance-linked securities (ILS) capital offerings and corporate insurance solutions. Marsh Re reported that Property aggregate excess-of-loss capacity rebounded strongly, driven by a 50% increase in traded limits.
From artemis.bm
Why it matters
The increased severity of US property claims is expanding the diversity and size of the ILS market. This trend is supported by a noted increase in buyers integrating frequency protection into their excess-of-loss strategies, indicating a shift in risk transfer demand.
From artemis.bm
Who's involved
- BrooksHired by Liberty Mutual Investments as Managing Director and Head of Insurance Solutions & Capital Markets