Alternative providers drive reinsurance capital uptick

The level of available reinsurance capital grew by 2 percent
last year to stand at $427bn at the end of 2017, dampening rate
rises, according to data from Guy Carpenter and AM Best.
The overall increase stemmed from a 9 percent rise in
convergence capital to $82bn, with traditional capital flat
year-on-year.
The reinsurance broker said that price increases had been
"generally moderate", with price shifts varying between
different clients.
Guy Carpenter estimated insured catastrophe losses in 201