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Capital Markets Teach Reinsurers Lessons

London Editor


A sea-change is occurring in the insurance and reinsurance industries as a result of the entry of capital markets into areas such as catastrophe securitizations, industry executives say.

The capital markets piece is important because it pierces the traditional isolation that has taken place in the reinsurance and insurance industries, said Dennis Kuzak, senior vice president of EQECAT, the Oakland, Calif.-based modeling firm.

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