The tide of convergence" is starting to turn, with insurers and reinsurers delivering the type of financial deals once associated with commercial and investment banks. Until recently, the reality of "convergence" was banks encroaching on reinsurers' turf through insurance risk securitisation. By organising catastrophe bonds, for example, investment banks re-package risk for selling on to capital market investors....more

SECURITY
A risk shared is a risk halved  Sep 3