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Insurance - USA - Katrina hits 'reinsurance for reinsurers'
Hedge funds in so-called retrocessional market to be tested
SAN FRANCISCO,CAL,USA -Market Watch, by Alistair Barr -Sept. 1, 2005: -- Losses from Hurricane Katrina will be so large that a niche market nestled within the insurance industry called retrocessional reinsurance could be hit hard, experts said this week... Retrocessional reinsurance is purchased by reinsurers looking to spread risks they've taken on from primary insurance companies. It's often referred to as reinsurance for reinsurers...
posted by Unknown @ 9:38 AM
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