Reinsurance capital to reach new heights in 2018
Wednesday, 06 06 2018, Category: Insurance and Reinsurance, Country: World
Despite the impacts of 2017’s catastrophe events, global, dedicated reinsurance capital is expected to reach a new high by the end of the first-half of this year, as both traditional and alternative capacity providers continue to drive a supply / demand imbalance, reports JLT Re.
JLT Re, the reinsurance arm of international brokerage JLT Group, recently highlighted that the global reinsurance market remains awash with capital, despite a series of hurricanes, earthquakes and wildfires driving an estimated $140 billion in insured losses in 2017.
“Dedicated reinsurance sector capital has been very strong with growth of over USD 10 billion during the first half of 2018, following roughly USD 7 billion of new capital raised in the final four months of 2017,” said David Flandro, Global Head of Analytics, JLT Re.