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22 May 2012

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Japanese quake quota shares renew at 1 April

31 March 2011

The pro rata earthquake reinsurance cover of the Japanese big three insurers renewed at 1 April despite the recent catastrophe, with only modest reductions in ceding commissions achieved, a renewal report from Willis Re noted.

Willis Re - the second biggest reinsurance broker in Japan - said that these pro rata quake treaties renewed with ceding commissions reduced by a maximum of 3 percent.

Pricing on pro rata cover of this sort is changed by adjusting the ceding commissions that...

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