Giant Japanese mutual Zenkyoren has placed firm order terms in the market where it would pay around 65 percent more for its upper layers and circa 40 percent more for its combined quake and wind stretch, The Insurance Insider can exclusively reveal.
Click to enlarge The headline rate-on-line (RoL) for the industry's largest cat programme - where more than $7bn of cat risk is transferred to the reinsurance industry - is up just over 50 percent.
According to sources familiar...
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