The depth of capital comes amid an elevated risk environment. Speaking to Insurance Business, Will Porter, head of property US at Swiss Re Corporate Solutions, Swiss Re Corporate Solutions stressed that nat-cat risk, unlike pricing, has not improved. “Last year was the sixth year in a row with more than $100 billion in catastrophe losses for the industry,” Porter said. “I don’t know that we’d ever strung together even three years like that before. What used to be an outlier is almost the norm.”
