IAG renews 2024 cat program with US$7bn protection, adds US$67m New Zealand cover
January 4 2024 by Mithun Varkey
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Buyers make hay at 1.4 as reinsurers seek growth armed with record-high capital
- April 2
InsuranceAsia News examines key takeaways from the April 1 renewals commentaries by Aon, Gallagher Re and Howden Re.
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April 1 renewal sees healthy reductions in Japan, South Korea as outcomes exceed expectations: Aon
- April 1
Risk-adjusted rate reductions in the mid-to-high single digits were typical, with double-digit reductions in some territories.
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Japan rates see ‘accelerated softening’ at April 1: Gallagher Re
- April 1
Buyers benefited from record reinsurance capital achieving better renewal outcomes with risk-adjusted price reductions and coverage improvements.
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‘Welcome reprieve for buyers’ at 1.4, Japan cat XoL rates down 10-15%: Howden Re
- April 1
Risk-adjusted rate reductions in Asia Pacific and varied specialty renewal outcomes reflect ‘hard market softening’ at April 1, the broker said in its post-renewal report.
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Beazley | Turbulent Waters: The maritime energy transition challenges
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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’.
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Sompo | Accelerating Sompo Group’s sustainable growth through the evolution of the P&C business
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