Reinsurance News
Reinsurance cycle
Commercial P&C pricing environment textured and nuanced, says Chubb CEO
17th March 2026
In a letter to shareholders following the disclosure of record 2025 results, Evan G. Greenberg, Chairman and Chief Executive Officer of Chubb, highlighted the firm’s underwriting discipline as key to navigating multiple hard and soft market cycles, noting that while the commercial P&C pricing environment is softening, the shift is ... Read the full article
2025 marked cyclical peak for US P&C underwriting profitability: Swiss Re
20th January 2026
US property & casualty (P&C) premium growth and profitability are moderating as the market enters 2026, following an exceptionally strong 2025 that marked a "cyclical peak" for underwriting performance, according to a new report from the Swiss Re Institute. "We estimate US P&C industry ROE reached 15% in 2025, driven by ... Read the full article
Larger, more diversified Lancashire poised to navigate future market cycles: CUO
5th November 2025
Speaking on Lancashire’s Q3 2025 earnings call, Paul Gregory, Group Chief Underwriting Officer, suggested that as a significantly larger and more diversified business than at the same stage of the previous softening cycle, the firm has greater reinsurance options and, thanks to its strong relationships with reinsurers, enjoys the flexibility ... Read the full article
Berenberg sees 2025 reinsurance softening as more disciplined and sustainable
3rd November 2025
Berenberg analysts have suggested that the 2025 market softening stands apart from past soft cycles in its pace, discipline, starting point, and structural trends, potentially creating a more sustainable, risk-responsive environment, barring major loss shocks or behavioural shifts. "With reinsurance pricing coming off from the peak of 2024, many are haunted ... Read the full article
Healthy & constructive market environment needs to be the new norm: Swiss Re CEO
14th August 2025
Andreas Berger, Group Chief Executive Officer (CEO) of reinsurance giant Swiss Re, said this morning that the current healthy and constructive reinsurance market environment needs to be the new normal as companies must earn their cost of capital. After posting a 24% rise in net income and strong underwriting profitability ... Read the full article
Property cat isn’t approaching a pain point, there is no soft market, says Munich Re’s Wenning
8th August 2025
Joachim Wenning, Chief Executive Officer (CEO) of global reinsurer Munich Re, said this morning that there is no soft market in property catastrophe reinsurance, rather the period of no major losses for reinsurance companies is over. Addressing the media after the release of a strong set of quarterly and half ... Read the full article
Hard reinsurance market cycle to continue in 2024, says Munich Re’s Jurecka
16th June 2023
Christoph Jurecka, CFO of Munich Re, anticipates that the hard market cycle will persist into 2024, unless 2023 proves to be a very benign year for natural catastrophes. Jurecka recently spoke with analysts at Goldman Sachs, and noted that there is still a considerable supply-demand imbalance with capital not yet ready ... Read the full article
Reinsurers should embrace the evolution of the market, says A.M. Best
29th August 2019
Dramatic rate hikes and a subsequent hardening reinsurance market following large catastrophe events is a thing of the past, and reinsurers must embrace change and adapt in order to survive in an evolving industry, warns A.M. Best in a new report. The ratings agency states that the traditional reinsurance market cycle ... Read the full article
Reinsurers acknowledge flatter pricing cycle: J.P. Morgan
14th September 2018
After speaking with reinsurance market participants at the annual meeting of the industry in Monte Carlo recently, analysts at J.P. Morgan believe there is a "widening acknowledgement that a flatter pricing cycle has emerged". During a prolonged soft market cycle, discussions at previous Monte Carlo conferences had often focused on pricing pressures ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
