Reinsurance trade groups warn against protectionist regulation
A coalition of reinsurance trade groups has pointed to the record 2011 global insured natural catastrophe losses as a warning sign as to why protectionist reinsurance regulation will backfire in jurisdictions that try to impose limits on global risk distribution via reinsurance.
In 2011 more than $105bn (€82.5bn) of insured catastrophe losses were incurred from hurricane, earthquake, flood, brushfire and other natural disaster events. Nearly 45% of these insured losses will
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