Alternative reinsurance capital is coming of age: S&P

Standard & Poor's Corp. has said that the permanence of alternative capital in the global reinsurance sector shows that the capital is coming of age, Artemis.bm reports.

"Most, if not all, rated reinsurers have established access to third-party capital, either by establishing sidecars, issuing catastrophe bonds, forming insurance-linked securities funds to manage assets for third parties, or partnering with hedge funds to write business backed by their capital," said the rating agency.

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