Alternative reinsurance grows after $15bn loss: Aon Benfield – Trading Risk

This post was originally published and is credit to this site

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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