1996

Large hurricanes such as Andrew in 1992 highlighted the need for more capacity to handle natural catastrophes. Swiss Re was a pioneer in developing new products that would tap into the capital markets to provide the necessary cover. Insurance-linked securities (ILS) were designed and later also used to cover mortality and other risks and have turned into a success story that keeps evolving. For investors, ILS presents a welcome opportunity to invest in products that are not linked to conventional economic cycles and help diversify investment portfolios.

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