Asian reinsurance costs soar by up to 40% due to natural disaster payouts – Moody’s

A house swept away in the Japan tsunami of March 2011

A year of major natural disasters in Asia, including the Japanese and New Zealand earthquakes and flooding in Australia, has caused significant increases in the price of reinsurance, says credit rating agency Moody's Investors Service in its latest Asian Reinsurance Update.

Insured losses from natural disasters in Australia, New Zealand and Japan during 2011 have been substantial, and, as a result, the cost of property catastrophe reinsurance protection has increased significantly. First-quarter

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