Hagibis reinsurance loss to spur further hardening at 1.1 and 1.4 renewals: KBW

Typhoon Hagibis

Typhoon Hagibis – the category 4 hurricane that made landfall off Tokyo over the weekend – will be another material reinsurance loss adding to further upward rate pressure at the upcoming January and April renewals, according to Keefe, Bruyette & Woods (KBW).

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