Asia Pacific
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The Japanese carrier noted the impact of increasing natural disasters. -
Holmes, Froideval and Cheak will head up the units for London, Europe and Asia.
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The syndicate-in-a-box is the first Lloyd’s syndicate to operate outside London.
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The group reported “robust” growth in property reinsurance premium.
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Total reinsurer capital grew by $45bn in 2024 to $715bn.
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Overall market capacity increased by 5.3% year-on-year, the broker reported.
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Caution around economic volatility wrought mixed outcomes in specialty re.
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The merger is set for April 2027, subject to regulatory approval.
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The event has caused widespread damage in Bangkok, Thailand.
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Reinsurers fended off 20% cuts, but wildfires pleas failed to hold pricing flat.
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The reinsurer anticipates downward rate pressure to continue over 2025.
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Reinsurers’ hopes that LA wildfires will slow 1.4 softening are in question.
Most Recent
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MS Re books 88.7% 2024 CoR, GWP up 17.6%
20 May 2025 -
Daily Digest: Top news from 20 May
20 May 2025