Exec: Catastrophe-bond sales may push reinsurance prices lower

08/12/2013 | Bloomberg

Sales of catastrophe bonds are on the rise and could lead to lower reinsurance contract prices, said George Quinn, chief financial officer of Swiss Re. "While the market is supplied with capital in this way, it will put pressure on prices. The returns people could achieve over the last several years in the natural-catastrophe market, especially in the U.S., have been very attractive," Quinn said.

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