Reinsurance is pivotal to keeping insurers going in the wake of such as major insurable disasters as hurricanes and wildfires. This is where insurance professionals will find the information they need about the state of the insurance industry, managing risks, and how to navigate the most impactful events of our time.
But Andrew Castaldi, senior vice president for Americas Hub Swiss Reinsurance Group, based in Armonk, N.Y., said that such funds concentrate too much similar risk in a given area, and end up merely
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