Aon: ILS capacity up $1bn in Q1 despite 'perfect storm' of mid-year renewals
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Aon: ILS capacity up $1bn in Q1 despite 'perfect storm' of mid-year renewals

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Reinsurance buyers faced a “near perfect storm” during the mid-year renewals period, as capacity constraints were exacerbated by insurers’ rising demand for protection, Aon said in a new report.

“The property reinsurance market may be fast approaching a true ‘hard’ market, where overall demand is not readily satisfied,” said Joe Monaghan, global growth leader for Aon’s reinsurance solutions business.

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