News Reinsurance06 Jul 2023

Australia and New Zealand:CAT events trigger retention & rate increases

| 06 Jul 2023

Continuing the trend of 2022, 1 July 2023 reinsurance renewals in Australia and New Zealand followed several years of major catastrophe losses in the region, including large cyclone and flood losses in New Zealand in the first quarter of this year, says Aon, a global professional services company that provides risk, reinsurance, retirement, and health solutions.

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