I can’t help but think that when it comes to the Next Big Thing in technology, in (re)insurance the old aphorism that “a fool and his money are easily parted” holds true.
Throughout AmTrust and Maiden’s histories, both rating agencies and regulators have constantly turned a blind eye, looked for ways to kick the can down the road, or passed the buck.
Here is an opinion that is likely to be popular with many readers but I think is nonetheless true. Many insurance companies in the US are not buying enough catastrophe reinsurance for the risks they are taking.
