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Insurers see more protection options as reinsurance capital stays available
KBRA said the current softening market has expanded the mix of traditional reinsurance, insurance-linked securities, and aggregate cover availability for primary carriers.
Artemis reports that KBRA said the diversity of reinsurance, cat bonds, insurance-linked securities, and aggregate options is a strength for insurers.
In a softening market with abundant reinsurance capital, primary carriers are benefiting from a wider range of protection choices across traditional reinsurance and ILS, along with more aggregate cover availability.