According to reinsurance broker Gallagher Re, non-life alternative reinsurance capital grew by USD $4 billion, or 4% over the first half of 2025 to reach $118 billion, with the broker also noting that traditional reinsurance capital is growing at a faster rate.
As per the broker’s latest Reinsurance Market Report, global reinsurance industry capital reached $805 billion by the middle of this year, representing an increase of 4.8% from full-year 2024. This growth was supported by strong retained earnings as global reinsurers continued to build capital during the period,
Although return on equity’s (ROEs) declined compared with the prior period, they remained strong on both a reported and underlying basis, comfortably above the cost of capital, the broker explained.
At the same time, capital for the INDEX companies, which contribute 82% of total reinsurance dedicated capital, was up 5% to $660 billion.
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