Cat market needs greater funding than before
Of all the non-life sectors, catastrophe reinsurance has probably had 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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