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16 April 2018
Alternative reinsurance capital rose by 10 percent in 2017 even after the ILS market took $15bn of losses in the second half of the year, Aon Benfield said in its latest market outlook report.
Most of the ILS losses came from retrocession, lower-attaching reinsurance and aggregate covers, Aon Benfield said. A further $5bn of trapped collateral added to the capital lost from circulation.
The $15bn loss figure is in line with the $14bn claims estimate compiled by Trading Risk last…
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