Chaucer warns of soaring cost of credit default swaps as global economy deteriorates

Interest in contract frustration insurance growing as a result

Tony DowdingDecember 13, 2022
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Credit: iStock/coffeekai

Specialty (re)insurer Chaucer has warned that as the global economy has deteriorated, the cost of credit default swaps (CDS) used to insure against a default on the debt of a third party, such as a government, has soared. Its...

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Tony DowdingDecember 13, 2022
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