NKSJ more than trebles net Thai number to $1.3bn
Major Japanese insurance group NKSJ has more than trebled its net loss forecast for the Thai floods to 100bn yen ($1.29bn) after carrying out a more detailed loss adjusting exercise.
The scale of the increase is likely to send shockwaves through the industry and reinforce the growing consensus that the (re)insured loss from Thailand is set to come in above $15bn.
NKSJ released its initial 30bn yen ($390mn) net loss forecast in November, at the same time as MS&AD and...
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