Shutterstock_1914701269 and 430526941

9 April 2024Reinsurance

Reinsurance capital hits decade high to $729bn; ‘exceptional’ profits in ’23

The global reinsurance industry capital surged by 12% year-on-year reaching $729 billion in 2023, marking the highest level recorded in the past decade. This growth was fuelled by “exceptional” profitability throughout the year, alongside a more favourable experience with natural catastrophes, a latest report from Gallagher Re has indicated.

Already registered?

Login to your account

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

Everest snags Axis Re president to drive North America treaty re

26 March 2026 Former Swiss Re veteran to lead business across the US, Bermuda and Canada.

MS Amlin filters market noise, doubles down on reinsurance strategy

25 March 2026 Prioritises long-term partners over cheap or new capital, says new head of outwards re.

Swiss Re to tap reserves, Scor and Prudential eye capital upside: UBS

25 March 2026 Swiss Re to release $200m–$300m reserves, cutting 1.1–1.6pts off CoR.

More articles

Marine insurers maintain Middle East trade cover despite tensions

Asia-Pacific insurers brace for Middle East conflict ripple effects: S&P

Aon revamps US specialty distribution leadership for growth push

Cybercrime the third biggest economy in the world: Munich Re

hyperexponential lands full AI underwriting deal with Banyan Risk

Arch taps Dual talent to strengthen regional P&C underwriting

Markel sharpens London energy underwriting with Price Forbes director

SiriusPoint backs US property MGA with new capacity deal

Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze