The capital markets provide up to $40bn in catastrophe reinsurance capacity, 15-20 percent of the total, and recent capital withdrawals are contributing to the hardening of the reinsurance market, according to Goldman Sachs' Mike Millette.
The capital markets provide up to $40bn in catastrophe reinsurance capacity, 15-20 percent of the total, and recent capital withdrawals are contributing to the hardening of the reinsurance market, according to Goldman Sachs' Mike Millette.