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Alternative capital provides $90 billion of reinsurance capacity

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A report by U.K.-based reinsurance broker Aon Benfield Group Ltd. found that alternative capital supplied almost $90 billion worth of reinsurance capacity following the catastrophe losses in 2017, The Royal Gazette reported. The report said that about $128 billion in insured losses had been absorbed without compromising the availability of reinsurance capacity. The private reinsurance market accounted for less than a third of the insured losses, as primary insurers and government-backed programs took the lion's share. 

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