Industry Segments: Capacity Page 3 / 4
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- November 29 2023
International market’s appetite for Taiwan risks waning
While domestic insurance capacity has been sapped by Covid losses, foreign carriers are shying away from writing business in the market due to historically soft markets and looming political risks.
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- October 5 2023
Asia fossil fuel risks grow in reliance on captives, smaller players and MGAs
With larger players shying away from coal cover, miners are turning to self-insurance and specialists, while oil and gas is still supported.
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- September 5 2023
Reinsurance rates to rise further across all lines in 2024: Moody’s
Demand for reinsurance to remain flat as cedents do not plan to purchase additional protection, mainly because of its high cost, a survey by the rating agency shows.
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- September 5 2023
Market rebound, XOL to drive APAC aviation rates, cover despite capacity flux
The market is relatively flat for hull and liability but material changes are being seen in war risks and a ‘natural increase in premium' is likely with a recovery in general aviation activities.
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- August 18 2023
US insurers have US$1.3bn exposure to China Construction Bank letters of credit: AM Best
The Chinese lender has seen a 1,560% year-on-year increase in reinsurance collateral LOCs issued.
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- July 26 2023
Philippines non-life market outlook negative due to higher risk retention: AM Best
The country’s carriers have reduced proportional cover for property insurance due to the hardening market and tighter terms.
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- July 6 2023
New capacity, fewer deals dampen Asia Pacific W&I market
With rates softening due to increased competition and a slow M&A market, underwriters are offering broader coverage and showing more appetite for risk.
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- April 27 2023
MGAs see ‘flight to quality’ in Asia amidst market hardening
Following the 1.1 renewals, sourcing capacity is becoming harder but niche players may still have an edge.
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- April 17 2023
HKFI seeks easier re-domiciliation and improved positioning to attract global majors
Policy recommendations have been submitted by the Hong Kong Federation of Insurers to the Financial Services and Treasury Bureau and the Insurance Authority.
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- January 19 2023
Competition cushions China renewals
Despite tough market conditions, cedents managed to extract some concessions.
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- December 26 2022
Updated: Asian 1.1 renewals ‘toughest in living memory’
Retro constraint and nat cat losses leading to backlogs in a renewals season said to be 'challenging on all fronts'.
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- December 23 2022
Retro exits deal another blow to fraught Asian renewals
Cutbacks are causing delays further down the line and retro-dependent carriers are no longer confident of obtaining adequate capacity.
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- December 9 2022
1.1 renewals challenging but there’s ‘hope on the horizon’: GC’s David Priebe
With many global reinsurers underweight in Asia, there's an opportunity to encourage them to take on more regional risk.
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- November 30 2022
AM Best sees decline in available reinsurance capital by year-end, outlook remains stable
Pricing is likely to further harden by end of the year and it could impact 2023 renewals, the rating agency said.
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- November 25 2022
Reinsurance rates to rise the most in Australia: Fitch
Rates for property catastrophe should increase by over 10% when contracts are renewed in 2023.
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- November 4 2022
SIRC: Capacity woes and rising rates dominate Asia renewals
Pricing, structuring and climate change occupy discussions as the industry gathered in Singapore.
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- November 3 2022
Insurers have to optimise their portfolio: Swiss Re’s Victor Kuk
Asian renewals are in a transition as cedents sweat over capacity and spike in price and retentions.
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- October 31 2022
Rising rates, capacity pinch leave strata cover high and dry
With an increase in cat activity, strata has been the worst-performing property line in Australia.
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- October 20 2022
Robust deal pipeline spurs demand for Asia M&A cover
Excess capacity seems to be readily available despite volatility and over-reliance on a small group of insurers.
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- October 8 2022
Asian cedents urged to get in early, lock down capacity for 2023 renewals
Prices are hardening and capacity is likely to be more constrained going into the upcoming renewal season.
