Rate rises on Japanese wind treaties set to land around 20%
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Rate rises on Japanese wind treaties set to land around 20%

Tree broken by typhoon in tokyo japan.jpg

Reinsurers’ hopes for up to 35% rate increases on Japanese wind treaties look unlikely to materialise, as brokers and cedants successfully argue against price increases of the scale of those seen at 1 January.

Sources told this publication that as firm order terms landed over the course of the past week – notably late for the traditionally orderly Japanese renewal – rate increases across wind programmes are settling at around the 20% mark,...

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