Japanese reinsurance buyers faced with 25%+ increases
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Japanese reinsurance buyers faced with 25%+ increases

Rachel Dalton
14 March 2023
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High building at Tokyo shinjuku and Mt. Fuji

Japanese cedants renewing cat reinsurance treaties at 1 April are unlikely to escape the market hardening seen in Europe and the US at 1 January, as reinsurers display a laser-focus on price adequacy, this publication understands.

Sources told Insurance Insider that despite hopes that Japan may be insulated from the tumult of the past six months, reinsurers have talked tough in annual renewal meetings and show no signs of capitulating.

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Rachel Dalton
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