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  • Photo du rédacteurHélène Dufour

How does Catastrophe Risk Securitization Affect the Reinsurance Market?

"Using Cat bonds to transfer catastrophe risk substitutes not only the use of Cat reinsurance but also non-Cat reinsurance in the hard market, implying Cat bonds affect a ceding insurer’s diversification in both Cat and non-Cat lines of business in the reinsurance market."


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