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Typhoon losses put Mitsui's cat bond renewal in doubt

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Japan-based Mitsui Sumitomo Insurance Co. Ltd. is likely to face pricing challenges when renewing its $200 million catastrophe bond due to increasing typhoon-related losses, Artemis.bm reports. The catastrophe bond provides Mitsui Sumitomo with collateralized reinsurance that covers fire-related losses from typhoons that hit Japan.

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