Industry Segments: Retrocession Page 1 / 1
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- June 27 2023
Retro capacity on slow path to recovery
While capacity providers are re-entering and the ILS sector is buoyant, the impact on 1.7 renewals will be limited as it takes time for the capital to feed into the markets.
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- June 16 2023
‘Late’ July renewals to continue hardening trend
Sluggish retro markets, and elevated nat cat losses in Australia and New Zealand will weigh on 1.7.
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- February 6 2023
Retro squeeze pushes Asia reinsurers to more tailored cover
Portfolios exposed to the US, Japan and loss-hit territories saw the highest prices, increased retentions and capacity withdrawal at 1.1. renewals.
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- January 25 2023
Micia Yong handed executive role at Gallagher Re
In her new role, Yong will be responsible for retrocession and client work in Asia Pacific.
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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 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 16 2022
QBE Re confirms retro exit in ‘peak peril zones’
The decision, which allows the firm to redeploy capital, followed a strategic review and kicks in from January 1.
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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 28 2022
IRDAI to relax norms for investors in insurance, fund-raising; changes reinsurance rules
Ease of raising capital expected to usher in long-term investments, as reinsurance retained in the country to be 50%.
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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 23 2022
1.1 renewals: ‘There will be gaps in cover’, says Allianz’s Chris Townsend
‘While it is going to be a challenging environment into the second quarter of next year, there's a world of opportunity in the medium to long term.'
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- November 9 2022
Reinsurers seek correction through rates, retentions and tighter terms
As Asia 1.1 renewals gather momentum, the market is facing a perfect storm of challenges.
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- October 20 2022
Peak Re bolsters retrocession team with Kenneth Ip
The former associate director at Aon's reinsurance arm joins as assistant vice president in Hong Kong.
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- October 5 2022
Howden Re signs up Aon director in Singapore for treaty build-out
Doreen Tan, who joins as director, Asean treaty and retrocession, reports to Stephen Warwick.
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- September 30 2021
Cyber (re)insurance premiums could double by 2023: S&P
Rating agency says the development of a comprehensive retrocession market would improve capacity.
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- August 17 2021
Nat Re facing adverse business conditions: Phil Ratings
Rating agency says the firm still enjoys a "unique advantage" as it is entitled to 10% of all outward reinsurance from domestic insurers.
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- August 16 2021
Q&A: PICC Re’s Qing Zhang talks reinsurance digitalisation
The reinsurer's president tells InsuranceAsia News the firm is looking to grow in Asia, Europe and North America.
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- May 25 2021
Lawrence Cheng joins retro player Acacia Holdings
The former Peak Re exec started this week at the Bermuda-based retrocession start-up.
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- May 18 2021
Peak Re hires from Hannover Re for global retro head
Sascha Bruns is set to join in September and will work on strategy for P&C business.
