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  • If all Japanese earthquake reinsurance treaties in the international market were exhausted the total cost to global reinsurers would be less than $25bn, The Insurance Insider revealed last week.
  • The global (re)insurance market is braced for unpredictable contingent business interruption (CBI) losses that could bring quake-triggered claims from cedants on the other side of the world from Japan.
  • International underwriters are looking carefully at their exposure to the Japanese banking system as the scale of economic devastation from the earthquake becomes clearer.
  • While insured losses for the energy sector remain unclear following the Japanese earthquake and tsunami, it seems likely that its (re)insurance rates will remain unchanged in the short term, according to analysts.
  • London market energy underwriters can expect pockets of losses arising from damage caused by the Tohoku-Taiheiyou-Oki earthquake on 11 March, although it remains difficult to obtain quantitative data from the majority of carriers and brokers 10 days after the disaster, reports sister title Inside FAC.
  • Early estimates from international marine insurers have identified total hull losses of up to $300mn from the earthquake and tsunami in Japan on 11 March, although underwriters are reporting it is too early to assess the substantial scale of cargo losses.
  • Early indications suggest continental European reinsurers could be shouldering a broader share of claims than their peers from the devastating earthquake and tsunami that tore through Japan earlier this month.
  • US cat writers digesting the impact of RMS v11 on their portfolios are awaiting another major Atlantic wind model re-release - this time from Eqecat.
  • "Class of 2005" reinsurer Flagstone Re experienced the sharpest share price decline following the Japan quake with its stock closing down 23 percent last week.
  • As the (re)insurance market awaits RMS's modelled loss estimate for the Japanese quake, the industry loss figures published by its two main cat modelling rivals demonstrate the high level of uncertainty and lack of information about the disaster.