Even ILS market participants sometimes seem disbelieving over how far catastrophe rates have fallen
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Even ILS market participants sometimes seem disbelieving over how far catastrophe rates have fallen

The ILS market is often said to have destroyed the potential for there to ever be another "class of x" reinsurers, as there was in 1993 or 2001 or 2005, when a rush of start-ups followed major loss events.

But...

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