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ILS accounts for 25% of global cat reinsurance capacity: Swiss Re

Posted On: May. 22, 2019 6:03 AM CST

Swiss 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.

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