Alternative capital could cause reinsurer casualties

The continued presence of alternative capital could force a number
of traditional reinsurers to merge or cease to exist, according to
Fitch Ratings.
Speaking at the ratings agency's annual insurance roadshow
earlier today (22 January), senior director Martyn Street warned
that if non-traditional capital became a permanent feature of the
reinsurance market it could permanently erode profit margins and
ultimately create a shallower market cycle.
An audience poll conducted at the event showed t