Retrocession Archives - InsuranceAsia News https://insuranceasianews.com/industry_segments/retrocession/ Fri, 30 Aug 2024 01:25:25 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 ARPC unveils 2024-2028 terrorism and cyclone pools management plan https://insuranceasianews.com/arpc-outlines-2024-2028-terrorism-and-cyclone-pools-management-plan/ Thu, 29 Aug 2024 21:00:03 +0000 https://insuranceasianews.com/?p=161616 The Australian Reinsurance Pool Corporation will improve premium collection, claims payment and management of pool net assets. It will also purchase retrocession coverage to protect the terrorism pool net assets and develop cat modelling.

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Australian Reinsurance Pool Corporation (ARPC) has outlined its plans to strengthen the efficiency and effectiveness of both the terrorism pool and the cyclone pool in its 2024-2028 corporate plan.
Ov...

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]]> January 1 renewals seeing ‘flattish pricing’, better terms https://insuranceasianews.com/january-1-renewals-seeing-flattish-pricing-better-terms/ Wed, 20 Dec 2023 23:30:59 +0000 https://insuranceasianews.com/?p=140561 Political risk and war will see the most challenging conversations with capacity available for other classes as reinsurance or retro markets have not been too affected by 2023 catastrophes.

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After the market saw strong corrections last year, January 1, 2024, renewals conversations are expected to be more orderly and bring better terms and conditions and ‘flattish pricing’ with risk-adjust...

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]]> Retro capacity on slow path to recovery https://insuranceasianews.com/retro-capacity-shows-signs-of-recovery/ Mon, 26 Jun 2023 23:45:48 +0000 https://insuranceasianews.com/?p=128270 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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With the continued hardening of reinsurance markets and improved pricing over the past few renewal cycles, the availability of retrocession capital is showing signs of picking up, according to market ...

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]]> ‘Late’ July renewals to continue hardening trend https://insuranceasianews.com/july-renewals-to-see-a-continuation-of-1-1-1-4-trends/ Thu, 15 Jun 2023 23:45:20 +0000 https://insuranceasianews.com/?p=127464 Sluggish retro markets, and elevated nat cat losses in Australia and New Zealand will weigh on 1.7.

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As Asia Pacific gears up for 1.7 renewals, the (re)insurance market is seeing a continuation of trends observed in 1.1 and 1.4 as rates continue to go up with a limited amount of new reinsurance capit...

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]]> Retro squeeze pushes Asia reinsurers to more tailored cover https://insuranceasianews.com/retro-squeeze-pushes-reinsurers-to-more-tailored-cover/ Sun, 05 Feb 2023 23:45:33 +0000 https://insuranceasianews.com/?p=117502 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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Retro renewal pricing at 1.1 2023 was highly influenced by global and specific regional programmes. Another key matter was buyers’ behaviour, varying from wary to aggressive.
Available capacity was no...

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]]> Micia Yong handed executive role at Gallagher Re https://insuranceasianews.com/micia-yong-joins-gallagher-re-in-singapore-as-executive-director/ Tue, 24 Jan 2023 22:30:38 +0000 https://insuranceasianews.com/?p=116564 In her new role, Yong will be responsible for retrocession and client work in Asia Pacific. 

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Gallagher Re has appointed Micia Yong as executive director for Asia Pacific.
Yong (pictured) will be joining the global reinsurance broker on January 25, after Chinese New Year, and will continue to ...

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]]> Asean, China rates up 20% in ‘late and tense’ 1.1 renewals: Gallagher Re https://insuranceasianews.com/rates-retentions-rise-as-1-1-renewals-draw-to-a-late-completion-gallagher-re/ Tue, 03 Jan 2023 17:30:58 +0000 https://insuranceasianews.com/?p=115062 Retro deductibles and pricing rose across the region, while reinsurer exits hit Korea, Australia placements.

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Despite fears of gaps in coverage at Asia 1.1 renewals, cedents in have been able to place risks, though at higher costs and in many cases with increases in attachment points and raised ‘floor’ on min...

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]]> Retro exits deal another blow to fraught Asian renewals https://insuranceasianews.com/retro-exits-deal-another-blow-to-fraught-asian-renewals/ Thu, 22 Dec 2022 23:30:34 +0000 https://insuranceasianews.com/?p=114621 Cutbacks are causing delays further down the line and retro-dependent carriers are no longer confident of obtaining adequate capacity.

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In what is increasingly looking like the most fraught 1.1 renewals season in living memory, the unavailability of retrocessional capacity continues to hold back Asian deal-making, IAN understands.
In ...

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]]> QBE Re confirms retro exit in ‘peak peril zones’ https://insuranceasianews.com/qbe-re-confirms-retro-exit-in-peak-peril-zones/ Fri, 16 Dec 2022 02:17:38 +0000 https://insuranceasianews.com/?p=114292 The decision, which allows the firm to redeploy capital, followed a strategic review and kicks in from January 1.

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QBE Re has confirmed that it is pulling out of retrocession cover in "peak peril zones" from January 1, 2023, when the first renewal season of the new year kicks in.
A spokesperson for QBE Re told Ins...

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]]> 1.1 renewals challenging but there’s ‘hope on the horizon’: GC’s David Priebe https://insuranceasianews.com/hope-on-the-horizon-after-challenging-1-1-renewals-gcs-david-priebe/ Thu, 08 Dec 2022 22:05:24 +0000 https://insuranceasianews.com/?p=113737 With many global reinsurers underweight in Asia, there's an opportunity to encourage them to take on more regional risk.

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Asian (re)insurers have been affected by the same issues that are facing markets all over the world.
Inflation has led to higher interest rates and a negative impact on asset values, causing fears of ...

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