KS Assn-Ins & Financial Advsr

The cat bond sector, in which insurers transfer risks associated with natural disasters to capital markets investors, faces stiff competition from the traditional reinsurance sector, Dennis Sugrue, associate manager for financial institutions ratings at S&P, told delegates at the rating agencies' annual European Insurance-Linked Securities (ILS) conference. Reinsurers transferred. WASHINGTON - The government has determined that 100's of levees nationwide no longer meet its standards that ensure protection during major floods.