ALTERNATIVE investment managers are pouring unprecedented sums of money into the market for property cover, and reshaping a 180-year-old reinsurance model in the process.
Allocations to catastrophe bonds and other insurance-linked securities (ILS) popular among hedge funds and institutional investors rose 18% to reach a record US$136bil last year, according to data provided by broker Aon Plc.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
