Asia Pacific
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Total reinsurer capital grew by $45bn in 2024 to $715bn. -
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.
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The two Asian companies wrote $265mn net premiums in 2024.
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Cedants could choose to retain more as cross-share sell-offs boost their capital.
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Reinsurers on portfolios with longer-tail liabilities may withdraw.
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The council has begun gathering data to assess the insurance impact.
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