Reinsurance News
European reinsurers
Europe’s big four reinsurers delivered record average ROE in 2025: Fitch
20th March 2026
On the back of a strong 2025, Fitch expects the four largest European reinsurers to maintain balance-sheet resilience into 2026, driven by strong capital generation and reserve strengthening, despite a ‘deteriorating’ global reinsurance sector outlook and shifting macroeconomic conditions. This assessment follows a robust year for Munich Re, Swiss ... Read the full article
ABIR and Insurance Ireland call for regulatory changes to strengthen EU securitisation market
9th March 2026
The Association of Bermuda Insurers and Reinsurers (ABIR), an industry association representing Bermuda’s international insurers and reinsurers, and Insurance Ireland, the representative body for the Irish insurance sector, are urging European Union policymakers to make regulatory adjustments to the EU securitisation framework. According to the organisations, such changes would allow proven ... Read the full article
Losses need to be exceptionally high to shift European reinsurance prices: J.P. Morgan
16th January 2026
According to J.P. Morgan, European reinsurance profitability is well above historical levels, meaning the shock required would need to be material in order to reverse the current trajectory of reinsurance prices. In its recent report, J.P. Morgan described stronger reinsurance industry profitability as “a blessing and a curse.” This means profits remain ... Read the full article
European reinsurers seen moving toward greater earnings stability: J.P. Morgan
21st November 2025
J.P. Morgan, a global investment bank, notes that the European reinsurance sector appears to be moving toward a more stable and consistent earnings pattern. The company notes that reinsurers do not usually absorb the majority of expected catastrophe-related claims, but they remain the main source of year-to-year fluctuation. The industry entered 2025 ... Read the full article
Moody’s: European reinsurers post record earnings in first half of 2025
17th September 2025
Moody’s Ratings, a provider of credit ratings, research and risk analysis, reported that the four biggest European reinsurers — Munich Re (insurance financial strength rating Aa3, positive outlook), Swiss Re (Aa3 stable), Hannover Re, and SCOR (A1 stable) — achieved record combined earnings of €7.3 billion in the first half ... Read the full article
Supply increases as demand grows in Europe and LatAm: Munich Re’s Kopff
12th September 2025
In a recent interview during RVS 2025 in Monte Carlo, Munich Re’s Clarisse Kopff offered insight into the evolving reinsurance market in Europe and Latin America, highlighting trends in demand, natural catastrophes, and the need for public-private collaborations. Kopff, who serves as a Member of the Board of Management of Munich ... Read the full article
L&H reinsurance earnings remain consistent for Europe’s Big Four: Fitch
22nd August 2025
Among Europe’s Big Four reinsurers—Swiss Re, Munich Re, Hannover Re and SCOR—life and health (L&H) reinsurance earnings remained consistent in H1’25, supported by steady releases of contractual service margin (CSM) and risk adjustment, according to Fitch Ratings. In its recent report, the ratings agency noted that the Big Four’s L&H reinsurance ... Read the full article
European MGA market growth is outpacing US and global benchmarks: Howden Re
11th June 2025
In a new report, Howden Re reveals that the European Managing General Agent (MGA) ecosystem is growing at a five-year compound annual growth rate (CAGR) of approximately 23%, outpacing both US and global benchmarks. There are over 650 MGAs across Europe with approximately €18 billion in gross written premiums in 2024 ... Read the full article
European reinsurers experience ROE improvement: Goldman Sachs
28th March 2025
Following strong returns in 2023 and 2024, return on equity (ROE) has improved for the European reinsurance sector, which has now exceeded cost of equity in three of the last four years, according to Goldman Sachs. Prior to 2023 and 2024, the reinsurance industry had only covered its cost of equity ... Read the full article
JP Morgan expects the reinsurance market to stabilise heading into 2025
3rd October 2024
A new note from JP Morgan on the European reinsurance market following RVS 2024, says that with the industry now producing strong returns, analysts are expecting that 2025 will lead to a stabilisation of the reinsurance market. Analysts noted that they heard a relatively consistent message on pricing from market participants, ranging ... Read the full article
Major European reinsurers report sustained earnings growth in 1H24: Fitch
29th August 2024
Among the four largest European reinsurers, Munich Re, Swiss Re, and Hannover Re all saw further improvements in earnings in 1H24, driven by better underwriting results across most business lines, according to Fitch Ratings. In contrast, SCOR reported a loss due to unfavourable changes in its life and health insurance (L&H) ... Read the full article
DARAG and UnipolSai form service partnership
17th June 2024
DARAG Group, a (re)insurance specialist in discontinued business and capital and operational relief, has entered into a service agreement with UnipolSai Assicurazioni S.p.A. (Unipol), an Italian insurer within the Unipol Group. Unipol is a major player in non-life insurance and motor vehicle third-party liability (TPL) in Italy. Under this agreement, DARAG Deutschland ... Read the full article
European P&C insurers vulnerable with reinsurers unlikely to restore coverage levels: Moody’s
12th June 2024
Moody's, a credit rating agency, has released a report highlighting that European property and casualty (P&C) insurers are facing a structural, rather than cyclical, increase in vulnerability to weather events. This change is primarily due to the steep reduction in reinsurance availability and rising costs, forcing primary insurers to bear a ... Read the full article
Insurance Europe outlines key priorities for Capital Market Union
3rd June 2024
Insurance Europe, the association representing insurance and reinsurance companies, emphasises that the Capital Market Union (CMU) should aim to increase retail investment, diversify funding sources for EU businesses, and foster an environment conducive to innovation, competition, and growth within EU companies. The CMU, initiated a decade ago, seeks to create a ... Read the full article
Insurance schemes in EU could facilitate reduction of the insurance gap: Morningstar DBRS
29th May 2024
Morningstar DBRS recently published a commentary that highlights the insurance protection gap on extreme weather and climate-related losses in Europe. Severe weather events are expected to become more frequent and intense in the longer term across Europe, and analysts have noted that it is becoming more and more crucial to reduce ... Read the full article
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