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SVTPerformance's Chain of Restaurants
Road Side Pub
Total bridge collapse in Baltimore...
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<blockquote data-quote="Klaus" data-source="post: 17030538" data-attributes="member: 190070"><p>Yes. It is called retrocessional or "retro." This is the first loss of the capital stack. Reinsurers will also issue peril specific bonds.</p><p></p><p>It is in fact retro losses from marine policies that will wipe out reinsurance capacity which will wipe out primary insurance capacity which will cause rate increases.</p><p></p><p>The retro market is tiny so small losses in highly unpredictable risks cause problems. There was a similar situation in 2014 or 2015 when an Italian cruise ship called Costa Concorda capsized. This relatively small event caused havoc in reinsurance markets.</p><p></p><p>[URL unfurl="true"]https://www.insuranceopedia.com/definition/3970/retrocession[/URL]</p></blockquote><p></p>
[QUOTE="Klaus, post: 17030538, member: 190070"] Yes. It is called retrocessional or "retro." This is the first loss of the capital stack. Reinsurers will also issue peril specific bonds. It is in fact retro losses from marine policies that will wipe out reinsurance capacity which will wipe out primary insurance capacity which will cause rate increases. The retro market is tiny so small losses in highly unpredictable risks cause problems. There was a similar situation in 2014 or 2015 when an Italian cruise ship called Costa Concorda capsized. This relatively small event caused havoc in reinsurance markets. [URL unfurl="true"]https://www.insuranceopedia.com/definition/3970/retrocession[/URL] [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Total bridge collapse in Baltimore...
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