Personal accident premiums surged 149.5% year on year, and aviation more than doubled, up 115.7%, while miscellaneous was the lone drag on December growth.
Rating agency's shift reflects a market inflection point where record US$660bn in capital has restored buyer leverage and eroded the pricing power reinsurers enjoyed during the recent hard market.
Dhipaya, Bangkok Insurance and Intra Insurance underwrote the Contractor All Risks (CAR) cover tied to the 14 January crane collapse which killed at least 32 people.
