Michael Halsband, a member of the Insurance Transactional and Regulatory team, was quoted in a Trading Risk article titled, “Barriers to all-perils ILS.” The article discussed securities law requirements on disclosing material information when offering materials to 144A investors, which is hindering the development of an all-perils ILS deal.

Michael said that investor reluctance was not holding back the advent of an all-perils deal. “There is an interest in the market both by the sponsors and the investors to see a broadening [of cover], but there will be elements of the market that are going to hold back the process,” he said.

Michael added that these functional limitations include whether and to what extent rating agencies would risk rating bonds that included significant amounts of unmodelled risk.

Read "Barriers to all-perils ILS" here.

 

 

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