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GLRE - Aon: Reinsurers Won't Cover Cost Of Own Capital But Raise New Alternative Capital
Greenlight Reinsurance Ltd.
Broking giant Aon said that reinsurance companies included in its Aon's Reinsurance Aggregate won't cover their cost of capital in 2020, after loss ratios rose on the COVID-19 pandemic.
But the broker also noted that some reinsurance companies have been successful in raising new alternative capital.
This begs the question of how the lower-cost of that third-party investor capital is contributing to reinsurer profitability.