ILS market update: September 2019
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What a difference one year makes. The Harvey, Irma & Maria events of 2017 and loss creep associated with past events impacted the new-issue market as capital was trapped and significant amounts of potential fresh capital remained on the sidelines.
With that said, the last few issuances of the first half of the year were upsized and priced at the tight end of initial guidance. As all asset classes go through cycles, the ILS market is likely no different.