Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

4 February 2012

State fund's parametric potential

2 September 2010

Swiss Re's recent parametric insurance deal for the Alabama State Insurance Fund was a first $10mn baby step for what could be a billion dollar source of business for the convergence market.

And with restrictions on the types of instruments that state funds can buy - with cat bonds precluded for many - parametric insurance could offer a quick source of capital after a disaster.

But Swiss Re ILS managing director Markus Schmutz warns that the state fund market has...

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