This paper presents a dynamic model of the reinsurance market for catastrophe risks. The model is based on the … features with the real market. In particular, market price increases and reinsurance coverage decreases after large shocks, and … reducing reinsurance supply, and the market is segregated into strategic large actors that influence market prices and price …

practical expertise from leading international reinsurance and risk professionals, based on their experience of running some of … products as well as optimal institutional arrangements for national catastrophe risk management, including national reinsurance …