Reinsurers’ Covid losses slow, demand in Asia grows: Fitch
November 17 2020 by Andrew Tjaardstra
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‘Reinsurers have been quite clear that they’re still looking to grow’: Gallagher Re’s Heather Bone
- July 2
At the July 1 renewals, while supply was abundant, demand is falling given increasing consolidation in Australia’s insurance industry.
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APAC 1.7 renewals see ‘significantly more reinsurance capacity than demand’: Gallagher Re
- July 1
Loss-free cat programs in Australia and New Zealand saw 5-12.5% risk adjusted reductions, while loss-free risk programs saw rates down 2.5-10%.
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Suncorp trims reinsurance tower even as rates soften, locks in multi-year deal
- July 1
Despite exposure growth in its portfolio, Australian insurer expects the total cost of the program to be lower than in FY25, aided by reduced pricing, minor structural changes.
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Record capital, increased reinsurer appetite drive rate reductions at July 1: Aon
- July 1
In Australia and New Zealand, property cat XoL renewals see up to low double-digit risk-adjusted reductions.
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Allianz General | Allianz General combines innovative protection solutions while powering social good to lead Malaysian market
The insurer proactively addresses emerging risks and evolving customer protection needs while giving back to the community.
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Sedgwick | Asia’s Energy Transformation – Balancing Growth, Risk and Renewables
Energy market presents unique risks, especially in a region which includes China and Japan as well as developing nations like Vietnam and the Philippines.
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Beazley | Turbulent Waters: the maritime energy transition challenge
Businesses are facing a complex transition to non-carbon energy sources amid a push to achieve net-zero emissions for the marine sector by 2050.
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Aon | Navigating shifts in the global and Asia insurance markets
Neelay Patel, Aon head of growth for Asia, says the market in Asia is at an ‘interesting stage of the cycle’.
