Demand grows alongside global reinsurance capital
Friday, 09 30 2016, Category: Insurance and Reinsurance, Country: World
The gap between the supply and demand of reinsurance protection has narrowed in recent times and, at the same time, global reinsurance capital has increased to a record-breaking $585 billion, according to Aon Benfield.
Global reinsurance brokerage Aon Benfield has estimated that overall reinsurance capital increased by 4% during the first six months of 2016, to a new high of $585 billion, which is roughly $10 billion higher than at the end of 2014.
At the same time, the broker has said that the capacity gap in the sector can be seen to have narrowed as demand for reinsurance protection has grown over the last 18 months.