Use of leverage boosting ILS limits: WCMA

Growth in the availability of insurance-linked securities (ILS)
limit is now outstripping the increase in alternative capital owing
to the increased use of leverage, according to the latest ILS
market update from Willis Capital Markets & Advisory (WCMA).
The firm put non-life ILS assets under management (AuM) at $75bn
by the end of 2016, up 7 percent from $70bn a year earlier.
Previously, ILS assets more or less matched available
reinsurance limit, but the presence of leverage in various for