“Typhoon Jebi losses likely done creeping and could now be overstated… these potentially excess reserves could be used by some to fill holes elsewhere (US casualty)”

Matt Carletti, JMP Securities - Further good news from Japan. Not only do the Q4 high-end loss estimates for Typhoon Hagibis now appear too pessimistic ($10-12bn range rather than $15bn?), yesterday JMP Securities analyst Matt Carletti returned from a recent London trip to conclude that Jebi may also be over-reserved ...

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