ILS, what we expected; what we got - Morton Lane keynote at ILS Asia 2021
This keynote speech by Morton Lane of Lane Financial LLC was given at the Artemis ILS Asia 2021 conference and saw Lane discussing the performance of catastrophe bond investments, asking whether investors got what they expected.
Morton Lane's keynote looked at whether the performance of catastrophe bonds was worth the risk assumed and concluded that indeed investors did achieve the returns you would have expected from the advertised risk metrics of the deals offered in the period.
During a Q&A at the end of his keynote, Lane also discussed the need for greater transparency in the insurance-linked securities (ILS) market, particularly for catastrophe bonds.
“I’m lucky to have access to this data," he said. "I don’t think other people do. I think if they did, they could do better and more analysis, and come to better or more informed conclusions."
"I think if there was more transparency the market would be more innovative because they could look at their experience. And, so, I know that the SEC considers these to be private market deals; they’re 144A deals.