Japan's big three insurers have bolstered their reserves for last year's Thai floods by $800mn to take their combined net loss to $6.39bn, but none mentioned the size of their gross losses in their disclosure documents.
MS&AD, Tokio Marine and NKSJ made the announcements in their results for the year to 31 March, a day after The Insurance Insider reported that evidence of loss creep from Japanese cedants had emerged.
MS&AD, by the far the most loss-struck of the trio,...
You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.