April 28th, 2009

Chart: Japan at 4/1 Earthquake Pro Rata Market Capacity and Pricing

Posted at 12:29 AM ET


Probable maximum loss (PML) ceded by the market declined only slightly for the second year in a row. Some treaty restructuring caused capacity to increase modestly, resulting in the growth in “air” capacity (i.e., the difference between theoretical available capacity and actual capacity ceded). Rate on line (ROL) grew by approximately 2.5 percent. Commissions were unchanged.

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