AM Best: Covid-19 ILS trapped capital may spark disputes
The move by some cedents to accommodate ILS funds by rolling over their collateral into new contracts rather than trapping it for potential Covid-19 loss development is “kicking the can down the road” and raises the risk of arbitration or court cases, AM Best has commented in a new report.
If you are a subscriber, please sign back in to read this article
If you are not currently a subscriber please see contact details below