Subject: Renewals Page 4 / 9
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- December 10 2024
Malaysian Re to maintain stability in underwriting performance: Fitch
The rating agency has affirmed the rating at 'A' (strong) with a stable outlook for the reinsurer citing its ability to manage potential volatility and earnings dependence on local voluntary cessions.
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- December 10 2024
Japan P&I Club announces 7% premium hike for 2025 renewal amid inflation and uncertainties
The increase applies for owners’ and charterers’ entries, while rates for Japanese coastal vessels and FD&D cover remain unchanged.
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- November 28 2024
Typhoon Yagi losses set to reshape Vietnamese (re)insurance market
With insured losses likely to add up to a decade’s industry profit, the market could see rates and retentions increase and accelerate the shift to XoL structures.
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- November 22 2024
Swedish Club announces 5% general increase for 2025
The hike would apply to P&I and freight, demurrage and defence policies.
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- November 21 2024
1.1 property renewals to be stable, casualty rates may harden: AM Best
The outlook for the segment remains positive, however, adverse reserve developments weigh on the liability market.
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- November 19 2024
NorthStandard to implement 5% premium increase for 2025-26 renewal
The hike would apply to all P&I members, although each renewal would be agreed individually based on a review of claims and risk exposure.
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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.
