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U.K.-based reinsurance broker Aon Benfield Group Ltd. said that alternative capital in the insurance and reinsurance market grew nearly 13% year over year to $81 billion in 2016 from $72 billion in 2015, Artemis.bm reported. Alternative capital – insurance-linked securities and collateralized products –increased its share of total global reinsurance capital to 14% in 2016 from around 12.5% in 2015.