K2 CAT has announced that its three property treaty facilities for Japan have been renewed for 2021 with existing carriers, Peak Re, Taiping Re and Cathay Century Insurance.
The company, formerly called Pioneer CAT, has been underwriting Japanese business on behalf of principal backer Peak Re since 2014.
Back in November, K2 also revealed that it had renewed its US catastrophe facilities with the same three re/insurers.
“As with our US facilities, the renewal of our Japan facilities is a huge vote of confidence in the team by our carriers and we intend to repay their faith and trust in us,” said David Carson, Head Underwriter of K2 CAT.
“It is a challenging market but we will ensure that we continue to add value and deliver on our planned, focused underwriting strategy developed over many years operating in the Japanese market.”
