Alternative reinsurance capital nears $90bn
Saturday, 09 09 2017, Category: Insurance and Reinsurance, Country: World
The amount of alternative capital in the reinsurance industry has risen by 10% during the first-half of 2017 to close in on the magic $90 billion figure, with the abundance of ILS capacity helping to stimulate record catastrophe bond issuance and a new market high, according to the latest report from Aon Securities.
Alternative capital in reinsurance is measured as $88.8 billion at June 30th 2017, a 10% increase since the end of 2016. This means that alternative capital now represents 15% of the global reinsurance market, according to Aon Securities numbers.