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The total has increased 30 percent since December, the General Insurance Association of Japan said.
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Pricing for quake exposures is understood to be broadly flat. -
Pricing has moved to the top of the guidance range, sources said.
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The ratings agency also said ILS capacity would ‘hold the line’ on returns following catastrophes.
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The firm's K sidecar avoided major Dorian claims, as the firm also grew its whole-account covers.
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The European storm was the most expensive cat event of February, followed by US winter storms that cost nearly $700mn.
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The APRA’s chairman says carriers are well placed to pay out claims and respond to new events.
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The loss aggregator lifts the tally by EUR10mn from its previous prediction.
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Insurers are facing estimated losses of £363mn ($473.7mn) from storms Dennis and Ciara, which caused widespread damage in the UK during February.
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GWP was up 53 percent in the last quarter, reflecting the growth of the InsurTech subsidiary.
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The losses include those of the parent company as well as Monarch National Insurance Company.
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The losses were initially pegged by the Insurance Council of Australia at A$320mn ($211.5mn).
