Howden identifies reinsurance tailwinds despite tough 1.1 renewals
January 5 2023 by Andrew Tjaardstra-
1.4: South Korean cedents to see single-digit rating increases
- March 28
While the market has yet to fully recover from the past years’ big industrial and cat losses, reinsurers are comfortable with where the rates, terms and conditions are now.
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Japan 1.4 renewals ‘orderly’ with risk-rated hikes
- March 27
While structures and terms and conditions are expected to stabilise, shrinking capacity from major Japanese players is forcing cedents to explore new capacity from global insurers.
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1.4: Philippines sees flattish pricing though quoting markets remain tight
- March 25
While there is a gradual return to an orderly renewal process, the market is seeing a shift from proportional to non-proportional treaties.
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India 1.4 renewals likely to be smooth but structures remain a sticking point
- March 18
Proportional capacity is drying up, but reinsurers remain open to quota shares for select cedents and pushing for whole account XL protections.