Industry Segments: Renewals Page 1 / 6
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- November 11 2024
SIRC: Reinsurers look to consolidate underwriting gains while tapping into fast-growing APAC
As renewals conference season draws to a close with the Singapore event, IAN brings you the reinsurance gather's key takeaways and what they mean for upcoming renewals.
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- November 11 2024
Skuld announces 5% general increase for 2025 renewal
Any adjustments to the International Group of P&I Clubs excess of loss reinsurance programme will be added separately.
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- November 7 2024
Asian specialty losses to be reflected in renewals: Swiss Re
The reinsurer’s specialty CUO Anne Lohbeck says engineering, inherent defect, cyber and credit & surety are growth drivers for APAC specialty book.
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- November 4 2024
Reinsurers are again looking for growth, but stability is key: Mapfre Re’s Sanchez Cea
The reinsurer expects the market to maintain discipline in underwriting and risk selection despite the increasingly competitive market.
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- November 4 2024
Upcoming renewals should ‘maintain balance’: Munich Re
Hit by cat events, South-East Asian renewals will likely be stable to hard, says Hitesh Kotak.
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- November 4 2024
Capital may be international, renewal is always local: Aspen Re
Singapore head Tay Boon Chuan reflects on the market dynamics of 2024 and the collective gains achieved over the past two years.
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- November 1 2024
Market’s willingness to deploy capacity is certainly back: Gallagher Re
Gallagher Re’s Mark O’Brien says negotiations around retentions, and terms and conditions to be a little easier in the coming renewals.
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- November 1 2024
Reinsurers guarding themselves to “not let loose” at 1.1 renewals, says Peak Re’s Hahn
Unstable interest rates, geopolitical uncertainty and more severe and frequent secondary perils mean that reinsurers remain in a difficult position and should not be expected to cede significant ground on rate at the forthcoming 1.1 renewals.
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- October 9 2024
Alternative risk solutions on the table for non-modelled perils at 1.1 renewals
The APAC reinsurance market is transitioning from a market of corrections to a market of solutions, Tony Gallagher, CEO, Asia Pacific, Guy Carpenter tells InsuranceAsia News.
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- September 16 2024
RVS Monte Carlo: Market can expect return to calmer waters
After a bruising couple of years, this year’s Rendez-vous de Septembre indicated that the hard market is over, with alternative forms of capital and risk solutions here to stay.
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- September 9 2024
RVS Monte Carlo: Reinsurers and primary markets continue to have ‘attachment issues’
As Asian cedents, especially loss-hit players, are pushing for lower attachment points, reinsurers resist, determined to defend their hard-earned gains, note S&P Ratings analysts.
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- September 6 2024
RVS Monte Carlo: Reinsurer returns will remain attractive despite expected softening of rate – Aon
In a briefing ahead of the Monte Carlo reinsurance summit, the broker forecasts an increase in pricing competition in 2025, and that insurers will begin to see greater flexibility around capacity provision and coverages.
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- September 6 2024
APAC reinsurance composite’s 2023 COR improves to 91.6%: AM Best
Regional reinsurers saw revenue rise 8.8%, with much of the growth fuelled by China Re and its subsidiary Chaucer.
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- July 12 2024
Asia Pacific reinsurance market finds a new equilibrium
While the market is ‘finely balanced’ for now, its sustainability will depend on the loss activity in the remaining six months of 2024, according to reinsurance experts and analysts.
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- July 4 2024
Australia and New Zealand mid-year renewals see return to stable market: Aon
Reinsurance buyers were seeing ample capacity and flatter pricing, with many experiencing low-single digits reduction, according to the broker's latest reinsurance market dynamics report.
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- July 3 2024
Pricing and capacity ease at 1.7 renewal as underwriting scrutiny persists: brokers
Reinsurance buyers experienced a more welcoming market, and loss-free programs saw price easing at July 1 renewals compared to recent years thanks to positive results, Gallagher Re and Guy Carpenter said in their mid-year renewals reports.
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- July 2 2024
APAC pricing stabilises at 1.7 renewals as global capacity hits record US$695bn
With more capital coming to the table, reinsurance rating reductions were in order, though loss-affected territories bucked the wider trend.
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- June 26 2024
‘Normalcy’ returns to Australia, New Zealand 1.7 renewals
Property cat renewals are seeing relatively flat pricing on bottom and middle layers and small risk-adjusted decreases in top layer pricing, brokers tell InsuranceAsia News.
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- June 6 2024
New Zealand EQC secures record US$5.7bn reinsurance cover
The country's earthquake commission has increased its total cover by US$620m year-on-year, including the US$135m cat bond placed last year, at the June 1 renewals.
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- May 31 2024
Property cat rates decline 5% at 1.6 renewals: Howden Re
Reinsurers remain vigilant as an active Atlantic hurricane season could present challenges.
