BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Large cat losses put insurers under pressure to build reserves

Japanese money

U.S.-based A.M. Best Co. Inc. said that Japanese nonlife insurers faced higher reinsurance rates at the April renewals and need to rebuild their reserves after suffering large catastrophe losses in 2018, Asia Insurance Review reported. The ratings agency said that MS&AD Insurance Group Holdings Inc., Tokio Marine Holdings Inc. and Sompo Holdings Inc. paid more than $3 billion for catastrophe-related damage in the quarter ended Dec. 31, 2018, depleting reserves by nearly 40%.

Read more.