Helped by a record period of catastrophe bond issuance in the first-half of 2021, alternative capital levels in reinsurance, largely in insurance-linked securities (ILS) formats, have now returned to their previous record year-end level of $97 billion, according to Aon.
As of the half-way point of 2021, Aon’s Reinsurance Solutions counts total global reinsurance capital as having reached a new high of $660 billion.
That’s increased by just over 1.5% since the end of 2020, as additional capital raises, positive performance and retained earnings, as well as ILS market expansion, drove the global reinsurance capital base higher again.
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