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Jebi's loss creep keeps getting worse for reinsurers, ILS sector

Typhoon Jebi damage

Analysts said that typhoon Jebi's insurance bill is likely to further escalate up to $16 billion and could further hit reinsurers and the insurance-linked securities sector, reports citing sources. The analysts said that reinsurers such as Swiss Re Ltd. are expected to significantly strengthen their reserves for typhoon Jebi-related loss creep.

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