Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

21 May 2012

Retro writers braced for Zenkyoren loss deterioration

21 September 2011

Japanese cooperative Zenkyoren's escalating loss estimate from the Great Tohoku earthquake in March will likely strike the retrocession market hardest, Trading Risk has learned.

Last week sister publication The Insurance Insider revealed that Zenkyoren was laying the ground to raise its loss estimate to at least 720bn-770bn yen ($9.4bn-$10bn) from 635bn yen ($8.3bn).

The cover extends as high as 930bn yen ($12.1bn), leaving considerable room for further loss escalation in the two plus years that it normally takes for an...

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Share: This article was published as part of issue September 2011/1

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