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International

Reinsurers dependent on ILS for retrocession

August 22, 2018 Reprints

A report by U.S.-based ratings agency S&P Global Inc. found that global reinsurers are increasingly using alternative capital and insurance-linked securities for retrocession amid rise in catastrophe losses in 2017, Artemis.bm reports. The report found that the percentage of collateralized retrocession in reinsurers’ recoveries increased to 21% at the end of 2017 from 14% at the end of 2015.

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Reinsurers dependent on ILS for retrocession

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