Weak Asian pricing prompts global reinsurer retrenchment

Reinsurance renewals in China, Hong Kong, Singapore and
elsewhere in Asia showed some signs of stability at 1 January, but
carriers hoping for significant rate rises following 2017's
natural catastrophes were left disappointed.
Several underwriting and broking sources reported that while
business broadly renewed around flat for most accounts, this was a
weaker result than many had hoped for in the aftermath of
hurricanes Harvey, Irma and Maria, along with the California
wildfires.
And while many