Hurricane losses represent major test for alternative capital market: Official

Aaron Koch, director, insurance-linked securities group, property/casualty division, at U.S.-based actuarial firm Milliman Inc., said that the insurance losses due to recent hurricanes represent a major test for the alternative capital market's risk selection and operational capabilities, Artemis.bm reports. "The alternative capital market will share broadly in these losses, leading to what is likely to be the first year in the market's history that it will deliver a sizeable negative return to its investors," Mr. Koch said.

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