Reinsurer Swiss Re has written 9.3 billion Swiss Francs ($9.6 billion) in renewals so far this year, with a shift in the mix of business leading to property and specialty lines growing 6% while liability and motor lines were cut 10%.

In the January renewals for traditional treaty business, which are dominated by the European portfolio, overall premium volume remained constant at 8 billion Swiss francs ($8.3 billion).

Premium volume for European treaty business remained unchanged while the US declined 13% due to reductions in liability business. Swiss Re registered solid growth of 23% in Asia, predominantly in the emerging markets.

Attractive opportunities and a robust credit environment helped Swiss Re to grow its large corporate risks business and its credit and surety business by 14% and 12% respectively. Total premiums written for these portfolios reached 1.3 billion Swiss francs ($1.34 billion).