A surge of institutional and hedge fund capital is reshaping the global reinsurance industry, as alternative investors increasingly channel money into catastrophe bonds and other insurance-linked securities, challenging a 180-year-old risk-transfer model, according to a report by Bloomberg.
Allocations to insurance-linked instruments rose 18% to a record $136 billion last year, according to data from Aon, reflecting strong demand from hedge funds and institutional investors seeking yield in cata...
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