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A report by U.S.-based reinsurance broker Willis Re Inc. said that insurers and reinsurers are increasingly looking at catastrophe risk capital as a measure of capital adequacy, Artemis.bm reports. Willis Re said that 98% of respondents across the world have either already adopted a formal risk appetite or will do so within three years. Insurers and reinsurers are likely to seek catastrophe-focused capacity from the capital markets and insurance-linked securities players, the report added.