Only a few years have passed since cat bonds were commonly described as “an elegant solution in search of a problem”. They have since become a vital tool in the risk transfer armoury, but will they remain there? asks Mark Hvidsten.
Can Bermuda reinsurers manage their excess capital successfully after two record-breaking years? If the market can get this right, it could just help to ease competitive pressures, explains Laline Carvalho.