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The retrocessional reinsurance market is one area where capital is in more demand, which means pricing may stay attractive there and Hiscox Re & ILS expects to be able to continue supporting that market at the renewals, CEO Kathleen Reardon said yesterday.
Reardon, the Chief Executive Officer of Hiscox Re & ILS, the international reinsurance and insurance-linked securities (ILS) arm of the Hiscox Group, was speaking during a panel discussion moderated by Andy Marcell, Aon’s CEO of Risk Capital, yesterday.
She spoke about the ILS and current investor sentiment, saying that it was no longer the only option for investors.
“A lot of the ILS markets, first and foremost, have other opportunities right? We’re not the only game in town. Other countries have a very compelling interest rate and risk free rate. So I think that will do a lot to maintain the current rate environment that we have,” Reardon explained.
She went on to say that, “I think that’s one explanation of why the capital inflows haven’t been too abundant coming into Bermuda, which historically has been a…