Reinsurers to diversify more cautiously after 2011 cat losses
Reinsurers should tread with caution when looking to diversify their operations as increased exposure in natural-catastrophe prone regions could leave them open to large losses, Standard and Poor’s said today.
Speaking at the firm's pre-Monte Carlo briefing Dennis Sugrue, the rating agency's reinsurance sector lead for EMEA said regions typically thought of as diversifying risks accounted for the "lion's
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