Catastrophe risk, climate change and the convergence market
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Catastrophe risk, climate change and the convergence market

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Reinsurers and insurance-linked securities (ILS) investors have taken some big hits from natural catastrophes in recent years, causing many of them to question how far climate change has fundamentally altered the rules of the game they’re in.

This year alone, Hurricane Ida in Louisiana and the US northeast, flooding in Europe, winter storm Uri in Texas and wildfires in California heaped loss on to loss.

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