VeggieBoards banner
1 - 3 of 3 Posts

·
Registered
Joined
·
720 Posts
Discussion Starter · #1 ·
Have any of you read that "Creating a Global Community" poster/postcard that has a list of great ways to, well, create community? One of the suggestions is to 'Know where your bank banks.' I was thinking about that today. First off, how do you find out where you bank banks? And once you know, what the heck does that reveal?
 

·
Registered
Joined
·
6,887 Posts
I have no idea where my bank banks, but the whole concept is interesting.

It blew my mind when I learned about insurance companies having insurance companies....

I need to learn more about the global economy!!!
 

·
Banned
Joined
·
5,772 Posts
Quote:
Originally Posted by synergy View Post

I have no idea where my bank banks, but the whole concept is interesting.

It blew my mind when I learned about insurance companies having insurance companies....

I need to learn more about the global economy!!!
Not only do insurance companies reinsure some of their risk but reinsurance companies also have insurance companies. That is called retrocessional reinsurance.

Notably many reinsurance companies operate from bermuda because of favorable tax conditions. If I wasn't freaked out by big bugs I wouldn't mind working at one for a few years.
 
1 - 3 of 3 Posts
Top