Michael Millette, Founder & Managing Partner at Hudson Structured Capital Management, a specialist alternative asset manager with a focus on sourcing insurance and reinsurance linked returns for its investors, joined us for our latest video interview.
All of our Artemis Live video interviews can be accessed directly from our YouTube Channel and we have more interesting discussions with leaders of the ILS and reinsurance industry to come over the next few weeks.
Millette discussed insurance-linked securities (ILS) and reinsurance investing, giving his view on the prospects for the ILS asset class beyond the Covid-19 pandemic and what that may bring for investors.
“Tragedy and history. This is as near to what any of us have seen in our lifetimes, an event affecting everybody all around the world, so it’s tragic and likewise it’s historic,” Millette said.
On the Lloyd’s of London estimate for a $107 billion non-life industry loss, he commented, “I expect that’s in the right neighbourhood. We have been talking and thinking about losses on that scale.
“It’s interesting though, this is not just a gigantic catastrophe loss, although it is a gigantic global catastrophe. This is a massive horizontal loss for the industry.”
He went on to explain what this could all mean for the ILS fund and reinsurance linked investment market.
Describing some of the immediate opportunities that could arise in specific lines of business, as well as in investing in insurtech start-ups, saying ” this a digital forcing event around the world” and calling it “the insurtech moment.”
The full video interview is embedded below and can also be viewed in full, along with previous Artemis Live video interviews, over on our YouTube channel.
You can also listen in audio to these interviews by subscribing to the Artemis Live podcast here.
We will continue to bring you these interviews with leaders of the ILS and reinsurance industry on an ad-hoc basis, as and when our time and that of our contacts allow.
All of our Artemis Live video interviews have a focus on reinsurance, ILS and the efficiency of risk transfer and can be accessed directly from our YouTube Channel.
You can also listen in audio to these interviews by subscribing to the Artemis Live podcast here.
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View all of our Artemis Live video interviews and subscribe to our podcast.
All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.
Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.
