Asian reinsurers gain ground as China proves challenging

The 1 January reinsurance renewals saw Asian cedants place more
business with regional reinsurers as their Western counterparts
took a more disciplined approach.
However, market participants warned that China had proven to be
a challenging market with a dearth of attractive business,
prompting concerns over less than prudent underwriting standards in
some quarters.
Established Western players denounced the Asian renewals as
"appalling", "tough" and "very
weak".
Sources said that the regional pla