Rising systemic risk demands a new risk management paradigm

Reinsurers need insurance-linked securities to share burden of climate-related catastrophic risk

Climate change signs

The emerging and uncertain US climate-related policies currently raining down from Washington, DC are threatening to set off a flood of negative, long-term economic consequences across the globe. Recent acts include pulling out of the Paris agreement, rolling back environmental regulation and removing tax incentives for green technology, to name just a few.

Indeed, it did not take the US Securities and Exchange Commission even a month into the new administration to limit shareholders’ ability to

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