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Step 1: purchase reinsurance Step 2: use reinsurance to cover losses Step 3: reinsurance premiums go up or reinsurer refuses to insure you
by lotsofpulp 3y ago
Step 1: purchase reinsurance
Step 2: use reinsurance to cover losses
Step 3: reinsurance premiums go up or reinsurer refuses to insure you
- bombcar 3y agoSell reinsurance in a loop via tranches and everyone makes cash until the disaster happens and everything goes bankrupt. AIG anyone?
- crotchfire 3y agoThis is exactly what Lloyds does.