Alternative capital hits $86bn
Wednesday, 07 19 2017, Category: Insurance and Reinsurance, Country: World
Alternative reinsurance capital grew 6% to $86 billion by the end of Q1 2017 and its resurgence prior to the mid-year June and July 2017 renewals has been a benefit to buyers of protection, helping them secure additional cost-savings and coverage enhancements, according to broker Aon Benfield.
At the end of 2016 alternative reinsurance capital, from insurance-linked securities (ILS) such as catastrophe bonds, collateralized reinsurance, industry loss warranties (ILW’s) and sidecars had seen steady growth to reach $81 billion.
The growth rate has accelerated somewhat through the first-quarter of 2017, rising by 6% in just one quarter to hit $86 billion at the end of the second-quarter.