Asia Pacific
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Reinsurers fended off 20% cuts, but wildfires pleas failed to hold pricing flat. -
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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Behind Axa XL, Convex wrote a 9.5% line on the all-risks reinsurance programme.
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The storms struck Victoria, New South Wales and Queensland.
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Insight into the insurance M&A market, powered by Insurance Insider’s deal database.
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The move follows objections from the Singapore government.
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The deterioration was driven by increased operating expenses.
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