Low insurance take-up should cap insured losses, but the event may add scrutiny to the net retention strategy cedents have pursued in response to rising reinsurance costs.
Amid Japanese regulatory resistance to reinsurance deals, Apollo is weighing deals for Japanese life units as it looks to deepen its presence through direct underwriting.
The Bangkok-based non-life reinsurer earns an aa+.TH national scale rating, though AM Best flagged exposure to heightened credit and liquidity risks from holdings in a sanctioned country.
