Reinsurance sector braced for huge losses in Japan– Insurance News Now – 17 March 2011
Post reporter Amy Ellis outlines this week’s major general insurance stories which include the global reinsurance industry pulling together to absorb the impact of the 9.0 magnitude earthquake that struck Japan on 11 March.
Early estimates from catastrophe modelling firm AIR Worldwide have put the insured losses from the quake alone at $15bn to $35bn - without accounting for the tsunami effects.
In other news, motor
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