NU Online News Service, Oct. 12, 1:49 p.m. EDT

While the U.S. will “almost certainly” continue to be the prime destination for “Supercat” events–events that cause insured losses of at least $10 billion–Aon Benfield is warning insurers that Asian countries could also see such events.

Reinsurance intermediary and capital advisor Aon Benfield said increasing property values and insurance penetration in Asian countries such as Japan, South Korea and China could lead to huge losses for insurers if the major catastrophe events that hit the region in the past were to reoccur.

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