As the cost spirals for insurers to protect themselves against disasters, analysts have raised the prospect of some major companies even dumping one specific form of reinsurance.
That would mean a wilder profit ride for investors, depending on whether insurers were hit with a spate of small-to-medium sized disasters such as hailstorms.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
