catastrophe treaties News

First of Two Articles The reinsurance market is moving from coverage of acts of God to one that covers commoditized risks – an evolution that could have long-term implications for market stability and trading large-scale risk, according to an industry …

Ratings agency A.M. Best said there is potential for some insurers — particularly the small, geographically concentrated writers — that were impacted by the recent snowstorm in and around Buffalo, New York, to hit the retention on their catastrophe treaties. …