Reinsurance: Superstorm in a teacup?
While destruction wreaked by Superstorm Sandy hasn’t hit the reinsurance sector as hard as might be expected, the market faces challenges in the shape of overcapitalisation and PPOs.
Despite Superstorm Sandy being the second-costliest Atlantic storm in history, overcapacity in the reinsurance market means it has had only a limited impact on the sector. Indeed, while there is still
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