Alternative capital to target property, business interruption says Aon

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The role of capital markets in reinsurance is likely to continue to grow, according to Aon, which has forecast that investors may seek to expand into new classes of business.

In its January 2015 reinsurance market outlook, the broker said that alternative capacity reached $62bn, just over a tenth of the total reinsurance capital at $575bn, with both sums representing

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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