Industry Segments: Renewals Page 6 / 6
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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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- January 17 2023
Domestic market dynamics reshape Asean renewals
While rating downgrades shook up Indonesia, carriers sought ‘payback’ for Malaysian floods.
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- January 12 2023
IAG renews Berkshire quota share agreement, ceases equity deal
The restructured transaction extends till the end of 2029, but removes limits on Berkshire's shareholding in the carrier.
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- January 12 2023
Reinsurers’ underwriting margins to grow by 4%: Fitch
Property and specialty enter hard market with up to 200% increase in premium rates.
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- January 10 2023
Capital squeeze takes the wind out of Asia marine renewals
War and sanctions have impacted January 1 placements, but far less than the capacity crunch.
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- January 9 2023
IAG increases maximum first event retention by 75% at 1.1 2023 renewal
IAG cited inflation and market conditions behind the decision. It also renewed quota share deals with Munich Re and Swiss Re.
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- January 9 2023
Asian 1.1 renewals may have been ‘the big reset’
Past the deadline, the market is still busy tying up loose ends and closing gaps in cover.
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- January 5 2023
Howden identifies reinsurance tailwinds despite tough 1.1 renewals
The broker pointed to growing demand, tighter terms and increased prices.
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- January 4 2023
Asean, China rates up 20% in ‘late and tense’ 1.1 renewals: Gallagher Re
Retro deductibles and pricing rose across the region, while reinsurer exits hit Korea, Australia placements.
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- December 30 2022
Renewals largely completed at client-issued structures, pricing: Guy Carpenter
Property was the most challenged sector with market adjustments focused on pricing, attachment and coverage.
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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 21 2022
Burning costs are not mandated risk rates, clarifies IRDAI
Industry breakeven cost is only a reference point to understand claims experience in fire perils across the industry, the regulator said.
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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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- December 7 2022
Confronting inflation to avoid playing catch up at renewals
Insurers must anticipate higher rates and increasing retentions, and engage early to avoid missing out or paying a heavy price, says Swiss Re’s Mark Senkevics.
