Asia Pacific
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QBE drops financial targets due to Covid-19 uncertainty
Australian carrier adds premium rate movements in the first quarter continued the ‘strong trends’ reported in the second half of 2019
Japanese renewals 'largely unaffected' by Covid-19 crisis
Consensus is that reinsurance renewals at 4/1 could see hikes of 40% to 50%
Japanese insurers' credit fundamentals unchanged: AM Best
Can withstand adverse market conditions of Covid-19 and equity volatility
ICA declares Covid-19 an insurance catastrophe
Extent of insured losses not yet known
Reinsurers expect 50% rate hikes at 1.4: KBW
The industry is hoping for very significant rate increases at April 1 on some contracts
Perils pegs Australian hailstorm losses at A$670m
Storm is fourth-largest Australian hail event of past two decades
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