The dedicated capital of the global reinsurance industry increased 12% year-on-year to $729 billion in 2023, driven by improved profitability in the year, according to Gallagher Re’s latest Reinsurance Market Report.
Tag: reinsurance industry
Aon Urges Reinsurance Industry to Bring Capital Closer to Clients’ Needs in First Virtual Reinsurance Renewal Season
Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions, today launches its Virtual Reinsurance Renewal Season, calling for the reinsurance industry to collaborate to bring capital closer to clients’ needs and drive growth across the global insurance ecosystem. Andy Marcell, CEO of Aon’s Reinsurance Solutions business,… Continue reading Aon Urges Reinsurance Industry to Bring Capital Closer to Clients’ Needs in First Virtual Reinsurance Renewal Season
Global Reinsurers Grew Capital Robustly in 2019, Although Underlying Returns Remain Low: Willis Re
Total capital dedicated to the global reinsurance industry measured US$605 billion at year-end 2019, reflecting robust 15% year-on-year growth. This was primarily driven by 2019’s strong investment market performance and was achieved despite a 3% contraction in alternative capital, according to the latest Reinsurance Market Report from Willis Re, the reinsurance business of leading global… Continue reading Global Reinsurers Grew Capital Robustly in 2019, Although Underlying Returns Remain Low: Willis Re