How did the regions fare after challenging renewals in the previous year?
Aon has provided insights into the mid-year 2024 reinsurance renewal, indicating a return to stable market conditions in Australia and New Zealand following challenging renewals the previous year.
The mid-year period is said to be crucial for reinsurance renewals in Australia and New Zealand, with approximately 80% of property catastrophe reinsurance renewing on June 1 and July 1, including the New Zealand state-backed natural hazard i