Legacy market may be able to solve trapped collateral problem: Peter Dunlop
Bermuda’s burgeoning legacy insurance sector could be the place where a problem for another rapidly growing pillar of the Bermuda insurance segment is solved.
Lawyer Peter Dunlop of Walkers tells Bermuda:Re+ILS for Voices of Bermudathat the legacy market is the natural place to find a solution to the problem of trapped collateral.
“I would love to see a ready baked solution every time a deal is actually placed,” he said. “You can securitise those as well and I think the legacy market has to step up and solve that as an issue as well. It’s an issue you can isolate and sell into the legacy market.”