Reinsurance pricing in Taiwan for loss-impacted programs has remained moderate, contrary to the aggressive price hikes initially expected by reinsurers, according to Gallagher Re.
The availability of catastrophe capacity has remained robust, promoting increased competition within the market and creating favorable conditions for cedants. This has helped stabilize pricing despite the challenges presented by recent losses.
Gallagher Re also observed significant growth in market interest for both risk excess of loss and pro-rata treaties, marking a shift from the past two years.
On a global scale, property reinsurance renewals at the start of the year were largely orderly. The market’s healthier dynamics ensured an adequate supply of capacity, though renewal outcomes varied, reflecting a tailored approach based on the specific needs of individual accounts.
Related topics