Opinion: Thanks for all the cheap retro

Here's how heavily HIM-whacked collateralised retro players
hope things will turn out:
"People have been buying a lot more of my retro the last
couple of years. They like the fact that it's responsive and
they love the security that comes with collateralisation.
"In fact, they now rely on me as a large part of their
capital stack. They have given me outsized losses, so I will put up
prices significantly. They will have to wear the increases because
they...