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by : Alpha Insurance Analysts

Amlin has become the latest (re)insurer to confirm significant loss creep on first half catastrophes.

The Lloyd’s (re)insurer said in its interim management statement (IMS) that its net claims estimate for the earthquake in Japan in March had risen to $206mn from $156mn – an increase of just under a third.

Additionally, Amlin confirmed that its net exposure to the February Christchurch quake in New Zealand had risen by 10.8 percent to $338mn from $305mn.

Please click on the link below to view the full press release.