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Market Wrap: Stocks Slip, Leaving S&P 500 Down for Month
The catastrophe bond market has fully recovered.
Insurance companies cut their hedge fund allocations in 2009, but the sting of the financial crisis will wear off next year, when we're likely to see the industry turn back to the sector.
In an odd twist of logic, it's looking like a good year to be in the catastrophe business. The business of insuring against catastrophes, that...