Global reinsurance - Where Have All the Losses Gone?

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      <subfield code="a">Global reinsurance - Where Have All the Losses Gone?</subfield>
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      <subfield code="a">Reinsurers have historically played a significant role in the recovery from catastrophe events. Over the past five years, the capital markets have assumed a greater role in this process in the form of "alternative capital". Based on A.M. Best's surveillance of the global reinsurers, it appears that alternative capital has played a meaningful role in mitigating the net loss impact from this series of extreme events, mostly in the form of collateralized reinsurance</subfield>
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