ILS accounts for 25% of global cat reinsurance capacity: Swiss Re
Posted On: May. 22, 2019 6:03 AM CSTSwiss Re Ltd. said that alternative reinsurance capital currently accounts for 25% of global catastrophe capacity and is broadly deployed to cover major catastrophe losses worldwide, Artemis.bm reports. The reinsurer said that insurance-linked securities accounted for up to 30% of losses related to the 2017 hurricanes, Harvey, Irma and Maria.