“I would characterise 2015 as a transitional year,” Schultz told Intelligent ILS. “The volume [of transactions] was of an acceptable level, with a few deals in the fourth quarter of the year that solidified the result, and it feels that, to some degree, we’re now in a period where the markets are at something of a plateau; in a period of transition where investors are looking at the returns that are available and looking at the future growth opportunities, with a little bit of repricing happening in the marketplace.