Global reinsurance capital at $605bn
Tuesday, 04 17 2018, Category: Insurance and Reinsurance, Country: World
Global, overall reinsurance capital increased by 2% year-on-year to reach $605 billion at the end of 2017, according to reinsurance broker Aon Benfield’s April Reinsurance Market Outlook.
According to Aon Benfield’s analysis, much of the growth came from the alternative reinsurance market, which grew by $8 billion from the end of 2016 to $89 billion.
Traditional reinsurance capacity increased by $2 billion to end 2017 at $516 billion, resulting in an overall availability of dedicated reinsurance capital of $605 billion, compared with $595 billion at the end of 2016.