David Flandro, global head of business intelligence, Guy Carpenter:
"There are three things that this [convergence] capital likes: non-correlation with traditional financial markets, volume and data. Property cat risk has these characteristics in the highest supply. But this capital is trying to get in other places as well. You might see some in other property reinsurance, you might see specialty lines, marine lines and ultimately the long-tail stuff. Will we see casualty securitisation transactions? Maybe, but probably in a more limited way than we see with property cat."