Reinsurer capital totalled $565bn
Friday, 09 11 2015, Category: Insurance and Reinsurance, Country: World
Global reinsurer capital totalled $565 billion at June 30, 2015, despite a continuation of tough market conditions.
That is according to the latest Aon Benfield Aggregate (ABA) report, which said that the headline reduction of 2 percent relative to the end of 2014 was driven by strengthening of the US Dollar over the intervening period.
The report added that on an underlying basis, the capital available to support reinsurance underwriting was flat, with retained earnings offsetting unrealised losses on bond portfolios.
Source: Intelligent Insurer