Alternative capital hits $81bn
Saturday, 04 08 2017, Category: Insurance and Reinsurance, Country: World
Alternative capital in the insurance and reinsurance market and across the range of insurance-linked securities (ILS) and collateralised products reached a new high at $81 billion and encouragingly sustained its recent pace of growth, according to broker Aon Benfield.
It had been thought that alternative reinsurance and ILS capital growth had been slowing in 2016, but the full-year figures from Aon Benfield actually show that it sustained the rate of growth from 2015 and in the last quarter of the year the rate of growth actually picked up a little again.
$81 billion is a new high for the insurance-linked securities (ILS) and collateralised reinsurance market, with another key milestone passed. But we believe the fact that growth was sustained through one of the most competitive years on record may prove to be more important.