Stahel: collateral appeal to grow under SII

Collateralised reinsurance is likely to be the main driver of
insurance-linked securities (ILS) growth as Solvency II pushes
insurers to seek out "cash in a box" risk transfer
solutions for peak cat risk, according to Michael Stahel, partner
and portfolio manager at LGT ILS Partners.
In a speech at the Trading Risk
Convergence London conference last week, Stahel said that
Solvency II would be a driver of expansion in the collateralised
markets.
Under the EU capital regime diversification of rein