Reinsurance News
KBW
T&Cs hold firm, catastrophe reinsurance rates down closer to 20% at mid-year renewals: KBW
29th May 2026
KBW, the investment bank and financial services research firm specialising in the insurance sector, has indicated a more challenging mid-year catastrophe reinsurance renewal environment for sellers, with pricing reductions nearer 20% than 15%, particularly for Florida-focused business, while terms and conditions (T&Cs) are seen as largely holding firm. This conclusion was ... Read the full article
AI deployment in early stages, underwriters cautious on data centre opportunity, say analysts
5th March 2026
At the 2026 Association of Insurance and Financial Analysts (AIFA) conference, Autonomous analysts noted that AI adoption in insurance is still in its early stages, and also highlighted the strong interest in data centres, though underwriters remain cautious about aggregation exposure, limiting near-term growth potential. During the conference, analysts from Jefferies, ... Read the full article
Reinsurers largely in agreement that cat pricing will decline into 2027 absent a major event, say analysts
4th March 2026
Reinsurers at the 2026 annual conference of the American Insurance & Financial Analysts (AIFA) were broadly aligned that catastrophe pricing is likely to continue declining into 2027 unless a materially larger loss event disrupts capital. Analysts from Goldman Sachs, the investment bank and financial services firm, reports that brokers and carriers ... Read the full article
Middle East conflict risks seen as manageable for re/insurers, but escalation concerns linger
4th March 2026
At discussions held during the Association of Insurance and Financial Analysts conference, re/insurance executives and analysts struck a cautiously constructive tone on Middle East conflict exposures, broadly agreeing that related losses remain “manageable” for re/insurers so far. Overall, sentiment suggested losses are contained, with analysts noting that “the situation remains fluid” ... Read the full article
Analysts flag broker selloff as ‘overdone’ following OpenAI insurance app approval
10th February 2026
Following an insurance broker selloff earlier this week, widely attributed to our report that OpenAI approved the first AI app from an insurance provider on ChatGPT, several analyst firms weighed in on the roughly 9% average decline in the stock price. Many described the drop as “overdone” or an “overreaction”, with ... Read the full article
Re/insurance cycle set for gentler multi-year easing after January drop: KBW
9th January 2026
Top re/insurance executives have told KBW that the pricing cycle looks steeper because sharp 2023 rate hikes left more room for cuts, while a long-term pattern of higher highs and higher lows reflects stronger risk awareness among buyers and sellers and suggests a few more years of easing rates, albeit ... Read the full article
KBW expects property cat reinsurance rates to decline 15-20% at 1/1
22nd December 2025
Analysts at KBW expect risk-adjusted property catastrophe reinsurance rates to decline by 15–20% during the January 2026 reinsurance renewals, with the relatively “late” season pointing to overall decreases approaching 20%. KBW stated that unchanging per-occurrence attachment points reflect generally sustained reinsurer discipline. Reinsurers broadly anticipate at least adequate catastrophe reinsurance results ... Read the full article
Late but orderly 1.1 renewal as rate decreases deepen to upper teens: KBW
18th December 2025
The January 1 reinsurance renewal season is running later than anticipated, characterised by a delay in Firm order term (FOT) issuance and very few contract signings to date, according to a new report from KBW analysts following their semi-annual Bermuda visit. Despite the sluggish pace, analysts describe the market as “orderly,” ... Read the full article
Quick return to P&C price increases not likely any time soon: KBW
19th November 2025
Keefe, Bruyette & Woods (KBW) analysts caution that a return to the 2020-2024 pricing increases is not expected for several years for the property and casualty (P&C) market. The new KBW Industry Update, “More Room for Pricing Deterioration in U.S. Small and Mid-Sized Accounts,” underscores the historical trend that hard markets ... Read the full article
Earnings windfalls and pricing pressure may be the talk of Q3 P&C reporting: KBW
6th October 2025
Analysts at KBW have suggested that very low catastrophe losses, reflecting the near-total absence of U.S.-landfalling hurricanes, together with the resulting strong EPS and BVPS growth, well-funded share repurchases, and larger expected 2026 property reinsurance rate decreases, will dominate Q3 2025 earnings calls. With the peak of the Atlantic hurricane season ... Read the full article
Reinsurance buyers to benefit as KBW sees rate declines ahead of Jan renewals
11th September 2025
KBW has revealed that its primary takeaway from the Reinsurance Rendezvous is that, absent very significant near-term losses, property catastrophe reinsurance rates are likely to fall by at least 10% at the January 1, 2026 renewals, leaving the firm somewhat more optimistic about reinsurance buyers. KBW noted that, based on its ... Read the full article
Commercial insurance rate increases to moderate in 2025: KBW
24th June 2025
Keefe, Bruyette & Woods, Inc. (KBW), an investment bank and research firm focused on financial services, expects overall commercial insurance rate increases to moderate in 2025 following years of compounding gains across most lines of business. Drawing on detailed pricing data from MarketScout, an industry analytics provider tracking insurance rate trends, ... Read the full article
Property cat rates expected to fall ~10% at June 1 but market dynamics still favourable: KBW
22nd May 2025
KBW, an investment bank focused on insurance and reinsurance markets, has provided a detailed outlook on the upcoming June 1, 2025, reinsurance renewals, along with projections for the January 1, 2026 renewal season. According to KBW’s recent discussions with top industry executives during their Bermuda tour, property catastrophe excess-of-loss reinsurance rates ... Read the full article
Insurers to navigate any challenges arising from new tariffs: KBW
3rd April 2025
Analysts at KBW have indicated that insurers should be able to navigate any challenges arising from the recently announced U.S. tariffs, with industry players likely having ample time to request rate increases, which state regulators are generally expected to approve. In what U.S. President Donald Trump described as the beginning of ... Read the full article
Re/insurance executives cautiously optimistic on P&C: KBW
7th March 2025
Re/insurance executives have expressed cautious optimism for 2025, though outlooks differ between property catastrophe and casualty lines, according to KBW analysts following this year’s AIFA conference. While property catastrophe reinsurance appears poised for steady returns, social inflation continues to cast a shadow over casualty markets which are expected to experience limited ... Read the full article
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