Property cat: Chicken today, feathers tomorrow
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Property cat: Chicken today, feathers tomorrow

Insurance Insider US Research
November 02, 2021
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Once upon a time, there existed property catastrophe predominant reinsurers. These reinsurers benefited from huge surges in rates following major losses and were able to report strong (if volatile) earnings. Cat losses were infrequent, and vendor models validated the capital deployment strategy.

This went on for some time, and investors, management teams, and counterparties were happy. So let the good times roll! Unfortunately, these results could not be kept secret, and outsiders got wind of them.

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