Noto Peninsula Japan Earthquake

On the first day of the new year 2024 a strong Mw 7.5 (Mj 7.6) earthquake occurred on Japan's west coast with an epicenter on the northern Noto Peninsula. This tremor was the strongest shake to affect Japan in nearly one decade.

Initial expectations of the earthquake's financial impact on the insurance industry were published over the following days and put this event in the mid-single digit USD billions insured loss.

An impact on the Solidum cat bond and ILS funds is not expected. Solidum's initial event briefing from January 2 can be found in the attached documents.