Ursano tells insurers to adapt or fail

The president of broker and advisory house TigerRisk has warned
that the insurance industry faces a choice between evolution and
extinction as new forms of capital shake up the market.
Speaking at sister title Trading
Risk's Convergence conference earlier
today, Tony Ursano predicted that the insurance company of the
future would package up risks and sell them on to investors, rather
than simply running the risks off.
Ursano compared the future of the insurance industry to the
banking sector dur