Investor inflows to the catastrophe bond market and other areas of insurance-linked securities (ILS) helped non-life alternative reinsurance capital rise by 11.5% to a new record high of $107 billion by the end of 2023, according to the latest data from broker Gallagher Re.
Non-life ILS and alternative capital grew particularly strongly in the second-half of the year, having sat at $99 billion at the end of June 2023, according to Gallagher Re’s last figures on the market.
In dollar terms, non-life alternative capital grew by $11 billion over the course of 2023.
