Subject: Renewals Page 1 / 8
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- July 2 2025
‘Reinsurers have been quite clear that they’re still looking to grow’: Gallagher Re’s Heather Bone
At the July 1 renewals, while supply was abundant, demand is falling given increasing consolidation in Australia’s insurance industry.
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- July 1 2025
APAC 1.7 renewals see ‘significantly more reinsurance capacity than demand’: Gallagher Re
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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- July 1 2025
Suncorp trims reinsurance tower even as rates soften, locks in multi-year deal
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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- July 1 2025
Record capital, increased reinsurer appetite drive rate reductions at July 1: Aon
In Australia and New Zealand, property cat XoL renewals see up to low double-digit risk-adjusted reductions.
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- June 17 2025
‘Quite orderly’ 1.7 ANZ renewals seeing double-digit rate cuts amid plentiful capacity
Reinsurers, though, have little appetite to reduce first loss retention levels, sources told InsuranceAsia News.
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- June 12 2025
As balance of power shifts, Asian property cat cedents can take heart from Florida renewal season
Following recent years in which capacity has been restricted, reinsurers are demonstrating an increased risk appetite at a reduced rate.
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- May 16 2025
Swiss Re reports 1.5% price increase at April 1 renewals, grows book to US$2.2bn
The rate hikes reported by the reinsurer are in contrast to a 1.7% rate decline reported by Munich Re and a 2.4% decline reported by Hannover Re.
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- April 2 2025
Buyers make hay at 1.4 as reinsurers seek growth armed with record-high capital
InsuranceAsia News examines key takeaways from the April 1 renewals commentaries by Aon, Gallagher Re and Howden Re.
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- April 1 2025
April 1 renewal sees healthy reductions in Japan, South Korea as outcomes exceed expectations: Aon
Risk-adjusted rate reductions in the mid-to-high single digits were typical, with double-digit reductions in some territories.
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- April 1 2025
Japan rates see ‘accelerated softening’ at April 1: Gallagher Re
Buyers benefited from record reinsurance capital achieving better renewal outcomes with risk-adjusted price reductions and coverage improvements.
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- April 1 2025
‘Welcome reprieve for buyers’ at 1.4, Japan cat XoL rates down 10-15%: Howden Re
Risk-adjusted rate reductions in Asia Pacific and varied specialty renewal outcomes reflect ‘hard market softening’ at April 1, the broker said in its post-renewal report.
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- March 27 2025
India infrastructure boom builds reinsurance demand at 1.4
Property, engineering and liability lines see growth, but rates remain flat to down, says Howden’s Prateek Singhal.
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- March 27 2025
Amid abundant capacity, 1.4 renewals could see double-digit rate drop: Aon’s George Attard
APAC reinsurance solutions CEO tells IAN ahead of key renewals that a continuation of 1.1 dynamics has resulted in a favourable environment for buyers.
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- March 26 2025
Japan P&I Club overall tonnage falls 3% during 2025 renewal
The club had announced a 7% premium hike in 2025 for owners’ and charterers’ entries.
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- March 20 2025
Philippines 1.4 renewals ‘smooth and steady’, with XoL rates softening by 5-10%
Process more stable compared to last year, and as reinsurers have remained disciplined, negotiations are more predictable and capacity availability has improved, brokers say.
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- March 4 2025
IRDAI extends 4% obligatory cession for FY26 renewals
Cession applies to policies attaching in the FY26, and will be placed with GIC Re.
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- February 28 2025
Swiss Re’s 1.1 APAC renewals growth slows down
Reinsurer's 2% increase in regional premium volume this year contrasts the 5% growth reported in last year’s January 1 renewals.
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- February 26 2025
Skuld grows mutual P&I GT by 6% during renewal despite ‘turbulent times’
The club's mutual P&I tonnage for the 2025/26 policy year stands at 122 million gross tonnage (GT).
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- February 26 2025
‘Untainted appetite’, capacity remains for aviation programs despite high-profile losses
Aviation (re)insurance sector remains a buyer’s market, although uncertainty remains following high-profile losses in the US and South Korea.
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- February 25 2025
West P&I, London P&I record strong renewal growth amid market challenges
West P&I achieves mutual tonnage increase to 110 million gross tonnes (GT), while London P&I records 12% rise to 49.3 million GT.
