Trapped Capital, "Messy" Insurance And The End of The ILS Party 🎉

"When there are no, or little losses, it's easy to collect the money and party on."

The current buzzword in the insurance-linked securities (ILS) industry is “trapped capital,” or money that can’t be invested back into the assets class because it’s tied up into earlier ILS investments.

To get perspective on trapped capital I spoke with Deconstructing Risk, a finance blogger that has traditionally gone deep into business models of financ…