Renewals
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An 11th-hour softening has driven discounts into double-digit territory on some deals. -
In property, Canada, Central and Eastern Europe and UAE renewals were impacted by losses.
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The broker said demand grew more slowly than reinsurer appetite.
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Concern over rate adequacy remains, but reinsurers are delving deeper into data rather than walking away.
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Overall, reinsurers accepted that rate cuts were still leaving them with strong margins.
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The association’s Hurricane Beryl net loss stood at $455mn as of 30 September.
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The carrier increased specialty premium by 39% by the nine-month mark.
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Milton and Helene will join reserve trends, cat losses and organic growth as Q3’s key topics.
Related
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Favorable 4.1 market conditions to continue at mid-year: Aon
April 01, 2025 -
CEA risk transfer stood at $7.4bn as of 1 January
March 10, 2025