Global reinsurance capital rose 5.4% in 2024, reaching $766 bn. Since 2020, capital growth (+14%) has lagged behind premium growth (+21%) due to rising demand and inflationary pressures.
Non-life alternative capital grew by $6 bn (+5.6%) to $113 bn, driven by higher earnings and capital inflows, particularly in catastrophe bond mandates
Following challenging reinsurance renewals, which resulted in a global reset in property catastrophe pricing and retention levels, the 4/1 renewal was more predictable and generally favorable to reinsurance buyers.
In 2024, global reinsurer capital, including both alternative and traditional sources, has reached peak levels. Reinsurer capital stood at $695 bn as of mid-2024, marking a $25 bn increase
Aon estimates that global reinsurer capital rose by $25 bn to a new high of $695 bn over the three months to March 31, 2024
Insurance-Linked Securities Overview. Insurers and reinsurers leveraged alternative capital in 2023 more than any year in the history of the (re)insurance market
The multi-year reviews of Solvency II in the EU and the UK are approaching completion, despite the very different macroeconomic environment
China’s reduced capital charges for specific investments and amended solvency calculation will relieve insurers’ capital burden and enhance stability
The transaction value of private equity and venture capital deals in Japan plunged in the first half year over year, while the volume of deals remained roughly the same
Worries about capital and adverse variable investment income are expected to be the focal points of discussion as life insurers report
Inflation a challenging environment for (re)insurers, which need to calculate how they should build elevated costs into their pricing models
Beyond the broader measures affecting the macro dynamics of most markets, Reinsurance Market Outlook report covers several factors impacting
