1.4 renewals: Japanese mutuals’ FOTs see minimum 2% RoL enforced on quake

Published: Wed 22 Mar 2023

Firm order terms (FOTs) on a number of Japanese mutuals’ excess of loss (XoL) treaties – including the industry’s largest cat placement Zenkyoren – point to reinsurers enforcing minimum rate on line (RoL) of 2 percent on quake programs,