Reinsurance capacity set to rise to $427bn
Friday, 02 09 2018, Category: Insurance and Reinsurance, Country: World
The amount of capital dedicated to writing reinsurance will increase to an estimated $427 billion in 2017, compared with $420 billion in 2016, according to AM Best.
The alternative reinsurance capacity lost due to the 2017 catastrophe events has been replaced as third-party capital continues to seek a larger share of the global market, the ratings agency notes in the briefing titled “Dedicated Reinsurance Capacity Remains Adequate”.
Source: Intelligent Insurer