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Lancashire increases Japan quake loss estimate by 56%

earthquake
    • Chris Wheal

    • Indicative reading time: 1 minute

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Lancashire Holdings has increased its estimated exposure to the Tohoku earthquake by $42.2m, or 56%, to a net loss estimate of $117.3m (£74.8m).

The reinsurer said the increase in reserves was mostly down to one significant cedant. It said it had now reserved in full its remaining exposure to that client.

Lancashire said its loss total was

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