Alternative reinsurance offers further consolidated in 2015

According to a recent report released by Aon Benfield (Reinsurance Market Outlook, January 2015), insurers and reinsurers take less risk per unit of capital committed than they used to before.

Reinsurance rates for natural catastrophes risks have gone down after the influx of capital from alternative reinsurance. As a consequence, the current tariffs have never been so competitive.

Previously deemed as a threat, alternative reinsurance has become, according to Aon Benfield, a stabilizing factor that strengthens the capital available for the coverage of major risks.

Capital available in reinsurance has attained 575 billion USD, 62 billion USD of which in alternative capacity, a respective increase of 6% and 25%.

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