Estimates from across the broker and ILS market point the same way, with losses expected to fall short of the quakes that struck the same prefecture a decade ago.
Pecuniary loss, a class dominated by mortgage guarantee business, delivered around 63% of the onshore market's undiscounted underwriting result, while offshore ships premiums rebounded amid war-risk r...
Behind the softer pricing lies a market propped up by excess capacity, with the report warning that a retreat by just a handful of dominant reinsurers could trigger a rapid reversal.
