Insurers downplay ART role
The present and future presidents of the Risk and Insurance Management Society (RIMS) downplayed expectations that the hard insurance market will lead to a growth of capital market insurance structures, often called alternative risk transfers (ART).
“The capital market structures we have seen to date have been generally disappointing,” said Mair. “The capital markets are looking for the same kind of profit margins as the insurance companies, so I don’t think it will become an efficient way for companies to source their
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