The Argentine reinsurance segment registered robust growth during the review period (2009–2013), with its gross written premium growing at a compound annual growth rate (CAGR) of 226.8%. Treaty reinsurance accounted for 72.8% of the total reinsurance written premium in 2013, followed by facultative reinsurance with the remaining 27.2%. Growth in the segment was mainly due to new reinsurance legislation, and partly to improvements in the real estate sector and investment levels across the country.