Low correlation of ILS more important than ever: Millette, ILS NYC 2021 - Artemis.bm
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“Not only is the industry not well correlated with the broader capital markets, but the industry has dozens of sub-sectors that are not well correlated with each other,” he said. “Longevity risk is not well correlated with cat risk, is not well correlated with D&O, which in turn is not well correlated with marine and energy, which is not well correlated with casualty run-off.