Trouble in paradise

It is hard to imagine that not so long ago, finite reinsurance was seen as good, sensible business. In the same way as creative accounting was viewed as a not a bad thing to look for before WorldCom and Enron, finite reinsurance pre-Spitzer was just seen as an imaginative way of making money go further.Following the terrorist attacks on 11 September 2001, when the cost of property and liability coverage soared or became hard to come by, finite or non-traditional reinsurance seemed a legitima