Zenk rate reduction muted as limit mushrooms again

Japanese mutual insurer Zenkyoren will secure
only a marginal improvement on terms for its 2017/18 cat placement,
as the world's biggest buyer prioritised an increase in the
limit it purchased to almost $14bn.
Sources told this publication that risk-adjusted pricing on the
cat excess-of-loss treaty, which renews on 1 April, is roughly flat
to 2 percent lower year-on-year.
The amount of open market limit purchased by Zenkyoren, assuming
the layers are 100 percent placed, is set to rise from 1.365