Insurance-Linked Securities Report 2008 - Aon
Insurance-Linked Securities Report 2008 - Aon
Insurance-Linked Securities Report 2008 - Aon
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Foreword<br />
I am pleased to present the first annual <strong>Aon</strong> Capital Markets review of the<br />
insurance-linked securities market. <strong>Insurance</strong>-<strong>Linked</strong> <strong>Securities</strong> <strong>2008</strong> offers<br />
a variety of insights to help you make intelligent, informed decisions about<br />
this dynamic sector.<br />
As an investment bank providing insurance and reinsurance clients with access<br />
to alternative forms of capital, <strong>Aon</strong> Capital Markets is uniquely positioned<br />
to share insights about trends and opportunities within this market. As a fully<br />
integrated advisory business of <strong>Aon</strong> Re Global, the world’s largest provider of<br />
reinsurance solutions, we are proud to provide this review as an element of our<br />
advisory activity.<br />
In this <strong>2008</strong> edition, we review:<br />
• <strong>Insurance</strong>-linked securities (ILS) market performance and growth<br />
• The surging popularity of indemnity structures<br />
• Investor demand for insurance-linked securities<br />
• The contingent capital market<br />
• The market’s latest innovations in futures and derivative tools<br />
With this review, <strong>Aon</strong> Capital Markets also unveils a new means of tracking<br />
the performance of the increasingly diverse ILS market. The <strong>Aon</strong> Cat Bond<br />
Indices provides market observers and participants with a quantitative measure<br />
of the returns generated by ILS on a sector-by-sector basis. We also compare<br />
performance to key benchmarks such as U.S. Treasury Bonds and U.S.<br />
BB-rated corporate bonds. <strong>Aon</strong> Cat Bond Indices will be updated quarterly,<br />
giving ILS participants ongoing insight into market trends.<br />
We look forward to providing the <strong>Insurance</strong>-<strong>Linked</strong> <strong>Securities</strong> review to<br />
you each year. This inaugural and future editions will be available at<br />
www.aon.com. It’s important that our reviews offer real value—please<br />
share your thoughts and suggestions with me at paul_schultz@aon.com.<br />
President, <strong>Aon</strong> Capital Markets<br />
<strong>Aon</strong> Capital Markets<br />
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