Convergence blurs the lines

As published by Willis Re in its Year End 2015 Reinsurance Market Report alternative capital increased to an estimated $70 billion from $55 billion at FY2014, while shareholders’ equity of the reinsurer index tracked by Willis Re dropped by 4 percent to $329.7 billion. Perhaps more interesting than the numbers taken alone was the tagline written alongside the alternative capital figure: “although the boundaries between alternative and traditional reinsurance continue to blur.”