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International

Global reinsurance capital rises 5% to record level

April 19, 2017 Reprints

A report by U.K.-based reinsurance broker Aon Benfield Group Ltd. said that global reinsurance capital grew 5% year on year to a record level of $595 billion, The Royal Gazette reported. "Demand for reinsurance remains on a modest upward trend as buyers increasingly recognize the value of the product in a world of proliferating risk-based capital regimes," the report said. Aon Benfield expects the June and July renewals to remain positive "with ceding companies likely to achieve improvements in pricing, terms and conditions."

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Global reinsurance capital rises 5% to record level

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