Cover your recoverables
Earlier in the year, Carvill claimed a first with a protection of reinsurance recoverables for Aspen Re. But how on earth does it work? Nicholas Foden-Pattinson takes time out to open the box of tricks
Q: What is it and why is it needed?
A: Credit risk is an accepted but little-recognised exposure in the industry. The insurance industry's extensive use of reinsurance and retrocession contracts means
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