Reinsurance capital falls 17% to $560 billion: Aon

U.K.-based Aon PLC said that global reinsurance capital declined by 17% in the first nine months of 2022 to $560 billion, Artemis reported. Traditional reinsurance capital declined by more than 19%, while alternative capital fell by just 3%. Aon said that alternative capital could now be poised for strong market growth, given the better returns available and the prospects of improved underwriting performance for reinsurance after the renewals.