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To: Shane M who wrote (44352)9/14/2011 11:20:22 PM
From: Jurgis Bekepuris  Respond to of 78601
 
Thanks for the info. OTOH, reinsurers also get into hot pickle if they assume too much losses on single/related events and then have not enough capital for other events and have to get their own re for them. This is what happened with FSR this year. Obviously, the strong and conservative ones usually don't get caught in this trap.