Aon: Reinsurers grow capital base in 2020 despite underwriting losses

Global reinsurance capital reached a new high of $650bn at the end of 2020, according to Aon, with traditional equity capital reaching a new peak of $556bn at year end, despite the combined ratio of the group of 23 reinsurers it covers deteriorating from 100.2 percent to 103.4 percent on Covid-19 and cat losses.