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Joined 9 months ago
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Cake day: May 11th, 2024

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  • I was quite surprised when I first learned it, there are insurance companies which specialize in selling insurance to insurance companies in case the insurances they sold have to be paid. See Reinsurance on Wikipedia for example.

    Obviously Reinsurance companies might reinsure their claims to other Reinsurance companies until nobody knows who is actually paying.

    Similar to packing rotting investments with other investments and selling them to retirement founds, because hey look, there are good investments in it.