P&I clubs report tonnage growth during renewals despite industry turbulence
February 21 2025 by Joana Nguyen
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Reinsurance market grapples with geopolitical risks amid renewals shift
- July 9
There is an acceleration in reinsurance rate reductions across the globe, but the question it raises is whether the softening will cool off, according to panellists at the reinsurance webinar co-hosted by IAN and Fitch Ratings last week.
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‘Reinsurers have been quite clear that they’re still looking to grow’: Gallagher Re’s Heather Bone
- July 2
At the July 1 renewals, while supply was abundant, demand is falling given increasing consolidation in Australia’s insurance industry.
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APAC 1.7 renewals see ‘significantly more reinsurance capacity than demand’: Gallagher Re
- July 1
Loss-free cat programs in Australia and New Zealand saw 5-12.5% risk adjusted reductions, while loss-free risk programs saw rates down 2.5-10%.
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Suncorp trims reinsurance tower even as rates soften, locks in multi-year deal
- July 1
Despite exposure growth in its portfolio, Australian insurer expects the total cost of the program to be lower than in FY25, aided by reduced pricing, minor structural changes.
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Peak Re | From climate modelling to market opportunity: Forging a new clarity on Southeast Asia’s climate risk
Southeast Asia's protection gap: a crisis of clarity, not just capital
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BHSI WICare+ | Accelerating Payments, Empowering Recovery
Launched in cooperation with Steadfast’s Singapore network, WICare+ fills the gaps found in traditional coverage and keeps businesses and their workforce secure by covering up to SG$350,000 in medical expenses per claim.
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BHSI | Managing non-Asian exposure in long-tail lines
While US-exposed business can look attractive to Asian carriers, managing the volatility around the long-term results and the ability to model those losses are crucial, say BHSI’s Marc Breuil and Marcus Portbury.
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Allianz General | Allianz General combines innovative protection solutions while powering social good to lead Malaysian market
The insurer proactively addresses emerging risks and evolving customer protection needs while giving back to the community.
