SSREY - Reinsurance Well-Capitalised Despite Lack Of ILS Inflows Retro Not So Much
The global reinsurance sector remains very well-capitalised as the 2019 Atlantic hurricane season begins and this is despite the fact the insurance-linked securities ((ILS)) market did not attract significant fresh inflows, according to Moody's.
The rating agency said that it believes the rated reinsurers it covers have solid capital positions to help them withstand potential hurricane losses in 2019 and highlights the strength of reinsurance capital in general.
Moody's believes that global reinsurance capital has remained relatively steady despite the impact of around $240 billion of catastrophe losses over the previous two years.
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