Retrocession rates rise up to 35% for catastrophe-hit regions

Posted On: Apr. 4, 2019 7:29 AM CST

Mudslide after Hokkaido earthquake in Japan/ Kyodo via REUTERS

U.S.-based Willis Re Inc. said that retrocession rates for catastrophe-hit regions such as Japan increased up to 35% at the April renewals driven by insufficient retro capacity, Artemis.bm reports. The reinsurance broker said that rates also increased up to 15% in regions which did not suffer catastrophe losses.