Reinsurance

Reinsurance

Gallagher Re finds pricing in Australia market up by 25% in spots

According to Gallagher Re’s latest mid-year renewals report, property reinsurance rates in some cases in Australia has increased by up to 25%. In their analysis, Gallagher Re highlights the significant pricing changes that have taken place in the Australian market, reflecting the current trends in the reinsurance industry.

This increase in pricing indicates a shift in the market dynamics, with insurers and reinsurers adjusting their rates to account for the growing risks and uncertainties in the industry. As a result, companies operating in the reinsurance sector will need to carefully evaluate their pricing strategies and risk management practices to navigate these changes effectively.