Global reinsurance : fighting the last war

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      <subfield code="a">Investors often are described as fighting the last war -they overweight recent events when making decisions and project the latest performance indefinitely into the future. Owing to a series of costly disasters in 2017 and 2018, the global reinsurance market seems to have entered a period of seismic change and nerve-wracking uncertainty, after several years of benign loss activity.</subfield>
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