Alternative capital hits record $78bn
Saturday, 01 07 2017, Category: Insurance and Reinsurance, Country: World
Alternative capital in the insurance and reinsurance market and across the range of insurance-linked securities (ILS) products reached a new high at $78 billion at the end of the third-quarter of 2016, according to Aon Benfield.
But while continuing to break records, the growth of alternative reinsurance capital has slowed dramatically, with a 9.6% increase during the first nine months of 2016 the slowest recorded growth in five years, according to the reinsurance brokers latest market outlook report.
Reinsurance capital as a whole reached a new high at $595 billion, an increase of 5.3% over the nine months, with traditional reinsurance capital expanding 4.7% to $517 billion, but alternative capital outpaced it again, growing 9.6% to the $78 billion.