Crisis shows capital crunch for cat
Of all the non-life sectors, catastrophe reinsurance probably has most to digest from the events of the past 18 months. Thankfully
the industry was spared a true mega-cat, Hurricane Ike notwithstanding, as the financial markets entered freefall and then
seized up completely, but the capital-intensive nature of catastrophe reinsurance highlights the particular vulnerability
of that sector of the wider market.
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