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“We are not talking about average losses... but for extreme years. By attaching this insurance product high we also reduce the cost of insurance itself which is one of the main considerations when using this type of tool.”
“We are not talking about average losses... but for extreme years. By attaching this insurance product high we also reduce the cost of insurance itself which is one of the main considerations when using this type of tool.”
“JP Morgan, the bank said, well that's not nearly enough. They reckon that they'd need at least $350 billion to ensure against all the risks that tankers would take.”