The alternative reinsurance market has grown to around $45bn from roughly $33bn in 2012, and now has a circa 17 percent share of US property catastrophe business and 11 percent globally, according to Swiss Re.
Most of the alternative market (70 percent) supports US catastrophe perils, while 25 percent of market capital is invested in European wind risk and 5 percent supports other peak risks.
The reinsurer said that the collateralised reinsurance market has experienced the fastest growth in the...
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