Insurance-linked securities (ILS) are collateralised products. They are all linked to some kind of collateralised security—whether it’s a contractual security, a note, or a preference share, it’s linked to something concrete.
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13 September 2017 Re/insurers who have been wishing for the return of the hard market should also be aware of the true ramifications of what they have been yearning for, according to Bermuda-based law firm Appleby.