Asian renewal contest looms after cat spike

The battle lines are being drawn in Asia between reinsurers and
cedants ahead of the 1 January renewals, as the sector continues to
come to terms with the remarkable string of third quarter cat
losses.
For the pending US catastrophe reinsurance renewals negotiations
will concern the extent of increases, while European renewals will
be focused on whether reinsurers can extract a small rate rise.
However in Asia, reinsurer sources have sounded a more cautious
note on pricing, with a number...