{"id":2343,"date":"2025-04-08T07:33:53","date_gmt":"2025-04-08T07:33:53","guid":{"rendered":"http:\/\/calebdewey.com\/?p=2343"},"modified":"2025-04-08T08:59:52","modified_gmt":"2025-04-08T08:59:52","slug":"total-reinsurance-capital-reached-new-high-of-769bn-in-2024-gallagher-re","status":"publish","type":"post","link":"http:\/\/calebdewey.com\/index.php\/2025\/04\/08\/total-reinsurance-capital-reached-new-high-of-769bn-in-2024-gallagher-re\/","title":{"rendered":"Total reinsurance capital reached new high of $769bn in 2024: Gallagher Re"},"content":{"rendered":"

Total dedicated reinsurance capital increased by 5.4% during 2024 to a new high of $769 billion, driven by growth in both traditional and alternative capital, according to reinsurance broker Gallagher Re.<\/p>\n

The broker’s full-year 2024 reinsurance market report, which tracks the capital and profitability of the global reinsurance sector, dissects another strong year for reinsurers with a continued capital build on the back of strong retained earnings.<\/p>\n

In fact, according to Gallagher Re’s analysis, dedicated reinsurance capital rose from $730 billion at the end of 2023 to $769 billion at the end of 2024.<\/p>\n

Of this new high, capital for INDEX companies, which contribute more than 80% of the industry’s capital, increased by 5.3% to $629 billion, which Gallagher Re attributes to retained profits and strong net income of $117 billion, somewhat offset by capital return of $58 billion and unrealised investment depreciation of $23 billion.<\/p>\n

At the same time, non-life alternative reinsurance capital, which excludes life, accident and health ILS AuM and mortgage ILS AuM, rose by 6.6% year-on-year to $114 billion, supported by a record year for the catastrophe bond market.<\/p>\n

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“As well as increasing on an accounting basis, global reinsurers\u2019 capital adequacy remains strong on an economic basis, the measure that Gallagher Re views as more relevant for management teams\u2019 decision-making,” says the reinsurance broker.<\/p>\n

Adding: “Average solvency for the top four European reinsurers remained robust at 265% (2023 FY: 273%), which, on average, is well above the top end of the target solvency range set by these companies.”<\/p>\n

You can see the growth in total reinsurance capital since 2014 in the chart below, provided by Gallagher Re.<\/p>\n

\"reinsurer-capital-24-gallagher-re\"<\/p>\n

It shows that since the end of 2014, total dedicated reinsurance capital has increased by approximately 77%, with growth of 83% for the INDEX companies and growth of 75% in the volume of non-life alternative reinsurance capital.<\/p>\n

The post Total reinsurance capital reached new high of $769bn in 2024: Gallagher Re<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Total dedicated reinsurance capital increased by 5.4% during 2024 to a new high of $769 billion, driven by growth in both traditional and alternative capital, according to reinsurance broker Gallagher Re. The broker’s full-year 2024 reinsurance market report, which tracks the capital and profitability of the global reinsurance sector, dissects another strong year for reinsurers […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10],"tags":[],"_links":{"self":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts\/2343"}],"collection":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/comments?post=2343"}],"version-history":[{"count":3,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts\/2343\/revisions"}],"predecessor-version":[{"id":2347,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts\/2343\/revisions\/2347"}],"wp:attachment":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/media?parent=2343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/categories?post=2343"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/tags?post=2343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}