The participation of the capital markets in the property-catastrophe reinsurance industry is poised to explode beyond one-third of the total limits in the market, an industry executive said recently.
Reacting to the 33 percent guesstimate supplied by an analyst in the audience of Standard & Poor’s Annual Insurance Conference last week, Christopher O’Kane, chief executive officer of Aspen Insurance Holdings Limited, posed his own question to the analyst, who said that the number has been proposed by industry experts. Executive Summary The participation of the capital markets in the property-catastrophe reinsurance industry is poised to explode beyond one-third of the total limits in the market, Aspen’s CEO Christopher O’Kane predicted at the S&P Annual Insurance Conference recently, where alternative reinsurance capital was one of the hot topics discussed by industry leaders.