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19 April 2018

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Zenk renews almost flat as $2bn of limit added

Adam McNestrie 20 March 2017

The world's biggest catastrophe cedant, Zenkyoren, is poised to renew its programme with pricing only a fraction lower than last year, as rates were held up by its need to secure an additional 200bn yen of capacity ($1.8bn), The Insurance Insider can reveal.

Sources told this publication that risk-adjusted pricing on the cat excess-of-loss treaty purchased by the Japanese agricultural mutual, which renews on 1 April, is roughly flat to 2 percent lower.

The amount of open market limit purchased...

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