Meet my big brother
Mairi MacDonald examines the companionable, mutually beneficial and guardian-like relationship between the giant capital markets and the small (but perfectly formed?) (re)insurance industry. Now that swaps and bonds are commonplace, should we ditch the 'alternative' from alternative risk transfer?
From deep within the reinsurance industry there are cries to bury the term 'alternative risk transfer' once and for all. While for dusty commentators and journalists, those three words can capture
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