The development of terrorism risk models could provide the impetus for securitising terrorism risk, or at least parts of it, according to Gordon Woo, London-based catastrophe consultant at Risk Management Solutions (RMS), the Californian natural hazard and catastrophe modelling company. Indeed, Woo is working on such a project, although the details are being kept top secret.
For years now, reinsurance companies active in the alternative risk transfer market have been issuing and investing in
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