by thebrandmill | Jan 8, 2024 | Rare Earth Insurance Partners, Wang Wei
With most deals after January 1, 2024 renewals now being closed, APAC saw more capacity coming in and cedents on the cat side got their programs renewed within 0-5% increases for non-loss and up to 25-30% corrections on loss-affected accounts. As reported...
by thebrandmill | Apr 17, 2023 | Rare Earth Insurance Partners, Wang Wei
European dominance of key insurance for shippers a hurdle for Beijing’s ambitions. Wide-ranging sanctions on Russian oil exports in response to the Ukraine war highlight potential problem. Among other comments, Wang Wei, Rare Earth Insurance Partner’s...
by thebrandmill | Jan 19, 2023 | Rare Earth Insurance Partners, Wang Wei
While rates in China were up more than 20% for many contracts, the January renewals could have been a lot more painful for cedents if competition among reinsurers was not so high. Wang Wei, Chief Executive of Rare Earth Insurance Partners, explained, “Reinsurers don’t...
by thebrandmill | Jan 10, 2023 | Rare Earth Insurance Partners, Wang Wei
As reported by InsuranceAsia News, a challenging renewal for marine writers in the region has been partially influenced by Covid restrictions that have eased significantly, meaning that the marine market loss ratio for the APAC region has been relatively stable....
by thebrandmill | Jan 9, 2023 | Rare Earth Insurance Partners, Wang Wei
Asian 1.1 renewals were hard and late as expected and reinsurers, brokers and cedents are still busy ‘tying up loose ends’ into the first weeks of the year. Though this year’s renewals discussion did start earlier this year, it closed at least a couple of weeks behind...
by thebrandmill | Dec 22, 2022 | Rare Earth Insurance Partners, Wang Wei
1.1 renewals are complex and require extra effort within the available timeframe to close an acceptable deal for both sides.As reported by InsuranceAsia News, Rare Earth Insurance Partner’s Chief Executive Wang Wei shares his perspective: “Many...
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