Here GC Capital Ideas brings together recent posts highlighting selected territories’ renewals.
Japan: Prices increased in the range of 5 percent to 12 percent for loss-free programs covering catastrophe excess of loss windstorm, though there were outliers at either end of these ranges where specific factors applied. The average price for Japanese windstorm is now at a 25 year high.
Korea: While Korea had not experienced any impactful losses in recent years, a mid-sized typhoon, heavy rain losses and several large single losses occurred in 2020, influencing the pre-renewal expectations. However, capacity was more than sufficient.