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The island of Bermuda has a breathtakingly huge interest in Reinsurance (whatever this is)?
by gunapologist99 3y ago
The island of Bermuda has a breathtakingly huge interest in Reinsurance (whatever this is)?
- yakshaving_jgt 3y ago> (whatever this is)? Essentially it's when insurance companies buy insurance on the policies they sell. The typical follow-up question to this [overly] simplistic explanation is "…So who insures the reinsurance deals? How many levels of insurance are there?" And the answer to that question… is best learned on The Reinsurance Podcast. :D