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Reinsurers have appetite for Asia-Pac business despite 2011 losses

Bangkok floods in 2011 (Photo - US Navy Visual News Service)

The first three quarters of 2012 have proved relatively benign in terms of Asia Pacific insured catastrophe losses, according to a new Guy Carpenter report.

Guy Carpenter noted that this benign activity is in stark contrast to 2011, when over $110bn of insured catastrophe losses affected the global market, Asia Pacific accounting for more than two thirds

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