Reinsurers girded for ‘underwhelming’ 1.4
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Reinsurers girded for ‘underwhelming’ 1.4

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The April renewal of Japanese property cat business is set to disappoint reinsurers, with firm order terms for excess of loss (XoL) wind business pointing towards risk-adjusted increases on clean business of 5%-10%.

Despite reinsurers having altered their view of both the frequency and severity of Japanese typhoon risk in recent years, pricing on XoL treaties this year will likely sit firmly in mid-single digit territory, falling in line with rather than...

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