Australia Balks at Government-Backed Reinsurance Fund
The private market should address ever increasing natural catastrophe losses and not a public pool, a long-awaited government report says, while acknowledging numerous modeling challenges.
Read next
Think Tank Makes Case for Federal Disaster Reinsurance as Property Market Strains Mount
A new report makes the case for federal disaster reinsurance to stabilize volatile property insurance markets.
Markets
·
Ackman Pivots From Building to Buying an Insurer
The hedge fund manager is targeting $1B to $3B insurance deals.
