The amount of alternative capital in the reinsurance industry has reached another new high at the middle of 2024, with capital allocated to alternative and insurance-linked securities (ILS) structures now reaching $110 billion, according to Aon.
The broker noted catastrophe bond market expansion as a key driver, highlighting some of the milestones passed by the cat bond market during the second-quarter of the year.
Aon estimates that total reinsurance capital reached a new record high of $695 billion by the end of Q1 2024.
That’s up almost 4% since the end of last year, with growth coming from the traditional side as well as ILS, it seems.
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