Guy Carp the broker for $120mn+ East Japan rail hit
International direct and facultative property underwriters are looking at a claim of at least 10bn yen or $120mn from the East Japan Railway Co (JR East) following the devastating 11 March earthquake, although sister title Inside FAC understands the final loss may be a multiple of this figure.
Sources named Guy Carpenter as the reinsurance broker for the international placement.
Initial loss information that has filtered through to underwriters placed a minimum floor under the claim of $120mn, while warning...
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