The reinsurance industry's over-reliance on third-party vendor models to price catastrophe risk could create similar problems as those suffered by the asset-backed securities market during the financial crisis, warned Validus Re CEO Kean Driscoll.
The reinsurance industry's over-reliance on third-party vendor models to price catastrophe risk could create similar problems as those suffered by the asset-backed securities market during the financial crisis, warned Validus Re CEO Kean Driscoll.