Treaty losses expected in region of $15bn-$20bn
Japanese earthquake reinsurance treaty losses are expected when the dust finally settles to end up somewhere in the region of $15bn-$20bn.
It is understood that if all Japanese earthquake reinsurance treaties in the international market were exhausted the total cost to global reinsurers would be less than $25bn.
The treaty losses that the international market is likely to
pick up will come from three main sources.
The biggest is the excess of loss reinsurance protection purchased
by the cooperatives or...
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