Zenk renews almost flat as $2bn of limit added

The world's biggest catastrophe cedant, Zenkyoren, is poised
to renew its programme with pricing only a fraction lower than last
year, as rates were held up by its need to secure an additional
200bn yen of capacity ($1.8bn), The Insurance
Insider can reveal.
Sources told this publication that risk-adjusted pricing on the
cat excess-of-loss treaty purchased by the Japanese agricultural
mutual, which renews on 1 April, is roughly flat to 2 percent
lower.
The amount of open market limit purchased..