ILS market blamed for falling 2013 cat rates
Property cat reinsurance prices will fall by 5-10 percent in
2013, as strong expected growth in the insurance-linked securities
(ILS) market is likely to depress rates and pose a challenge to
traditional reinsurers, Credit Suisse analyst Michael Zaremski said
in a 24 July research note.
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Zaremski's research drew on a presentation by
Credit Suisse Asset Management (CSAM), the second largest fund
manager in the ILS sector with more than $4bn assets under
management.
CSAM forecast that the...
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