The potential for insurance-linked securities (ILS) is on the rise, which may not come as a surprise as the Atlantic hurricane season was historic in the number of named storms as well for the damage they’ve caused.
Jonathan Malawer, the head of insurance-linked securities, commodities, and environmental strategies for K2 Advisors, the fund of hedge fund unit within Franklin Templeton, discussed the present state of the ILS strategy.
The ILS market comes about because insurers want to spread their risks, especially the risks that involve low-probability but high impact events . . .
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