Reinsurance News
Reinsurance renewals news
Reinsurance renewals are the key points in the year when the majority of reinsurance contract renewal negotiations occur and are completed.
The reinsurance renewal seasons provide insight into reinsurance pricing, contract terms, reinsurance market positioning and the direction of future trends in the market.
Key reinsurance renewals occur at: the 1st of January, which is the biggest renewal of the reinsurance year and has a broader global focus; April 1st when Japanese reinsurance renews; June 1st for Florida reinsurance renewals; and July 1st when more US reinsurance business gets renewed.
Our reinsurance renewals news covers all of these key points in the year and we also provide analysis and insight into what to expect at upcoming renewal seasons as well.
Travelers renews Northeast property cat XoL on unchanged terms, drops Personal Insurance treaty at July 1
17th July 2026
US primary insurer Travelers' Northeast Property Catastrophe Excess-of-Loss Reinsurance Treaty renewal at July 1st 2026 is unchanged from the prior year in terms of coverage and retention, while the carrier decided not to renew its Personal Insurance Catastrophe Excess-of-Loss Reinsurance Treaty, and secured more reinsurance from the capital markets. For 2026-2027, ... Read the full article
Cedents increasingly seek reinsurers with access to multiple capital sources: Guy Carpenter’s Paretchan
15th July 2026
The growth of alternative capital is giving buyers more flexibility to build diversified reinsurance programmes, with cedents increasingly seeking partners able to access both traditional and alternative sources of capacity, Guy Carpenter’s Jennifer Paretchan recently told Reinsurance News. Speaking following the release of the firm’s July 2026 reinsurance renewal report, Paretchan ... Read the full article
Mid-year 2026 casualty reinsurance demand flat as favourable pricing conditions persist: Aon
6th July 2026
Aon, a global professional services firm providing risk, retirement and health solutions as well as reinsurance brokerage and advisory services, reports in its Reinsurance Market Dynamics Report for the mid-year 2026 renewals that casualty reinsurance demand remained broadly flat, while pricing conditions stayed favourable across both US and international markets ... Read the full article
Suncorp lifts main cat reinsurance cover for FY27
3rd July 2026
Australian insurer Suncorp has completed its core 2027 reinsurance renewal, securing catastrophe cover for losses between $500 million and $6.4 billion, alongside its previously announced 5-year aggregate reinsurance arrangement, which provides $800 million of protection annually, and up to $2.4 billion in total over the period. Despite continued catastrophe reinsurance ... Read the full article
Florida insurers secure additional $5-$7bn reinsurance coverage at mid-year renewals: Aon
2nd July 2026
Florida’s insurers entered mid-year renewals from a position of strength, securing an additional $5-$7 billion of reinsurance coverage as ample supply was more than adequate to meet increased demand, according to Aon's recent Reinsurance Market Dynamics report. In addition to a stronger balance sheet, Florida insurers began the mid-year renewals with ... Read the full article
Property cat market softening persists in Australia and New Zealand at July 1: Gallagher Re
2nd July 2026
The property catastrophe reinsurance market in Australia and New Zealand continued to soften at the "relatively late" 1 July renewals, according to Gallagher Re's First View, A Moment for Creativity – July 2026 Renewal Report. Gallagher Re, the reinsurance broking and advisory business of Arthur J. Gallagher, says abundant capacity, subdued ... Read the full article
Record $790bn reinsurance capital underpins softer mid-year renewals: Aon
1st July 2026
Global professional services firm Aon has revealed that insurers secured double-digit pricing reductions and improved terms and conditions on their property catastrophe reinsurance placements during the June 1 and July 1, 2026, renewals, as record levels of reinsurance capital created greater flexibility for cedants seeking more tailored reinsurance solutions. According to ... Read the full article
Kingstone lifts cat XoL reinsurance limit to $500m with 15%+ cost reduction
1st July 2026
Kingstone Companies, Inc., a regional property and casualty insurance holding company, managed to cut the cost of its core catastrophe excess of loss (XoL) reinsurance coverage by over 15% for 2026/2027, despite purchasing more limit, improving terms, and adding the wildfire peril to its programme. Mid-year reinsurance renewal reports and commentary ... Read the full article
Reinsurers more flexible on structures and price at July 1 renewals, says Gallagher Re
1st July 2026
Property catastrophe reinsurance rates fell by 20% to 25% or more for the best performing accounts in North America at the July 1 renewals, with similar trends seen across other regions, as sellers exhibited greater flexibility on price and notably structures, reports Gallagher Re, the global reinsurance broker. Gallagher Re's July ... Read the full article
Lemonade reduces quota share cession to 18%, expands cat protection at July 1 reinsurance renewal
30th June 2026
Lemonade, the digital insurance company powered by AI and social impact, opted to reduce its quota share cession to approximately 18% from 20% at its July 1 reinsurance renewal, meaning the carrier will retain a greater share of its expanding gross profit. Alongside the lower quota share cession for the 2026-2027 ... Read the full article
Kin reciprocals secure over $1.9bn of nat cat reinsurance at 25% lower cost
30th June 2026
Kin, the direct-to-consumer home and auto insurance company, confirmed today that its three reciprocal exchanges completed their reinsurance programmes at the June 1 renewal, securing more than $1.9 billion of coverage for natural catastrophe events, with a combined cost reduction of 25% below what was paid at the 2025 renewal ... Read the full article
Latin America attracting broader and more competitive reinsurance market: Howden Re
30th June 2026
Howden Re has suggested that the 1 July 2026 reinsurance renewal in Latin America completed in a market defined by abundant capacity, intensifying competition and a growing appetite for structural innovation, with property catastrophe excess of loss programmes seeing rate reductions in the range of 15% to 20%. At the 1 ... Read the full article
Rate reductions of up to 15% on loss-free business at Australia and New Zealand July 1 renewals: Howden Re
30th June 2026
Reinsurance broker Howden Re, part of broking group Howden, reports that rate reductions of 10% to 15% on loss-free business were broadly achieved at the July 1 reinsurance renewal in Australia and New Zealand (ANZ), as buyers of protection increased their vertical limit purchases. Howden Re's analysis reveals that some cedents ... Read the full article
Global property cat rates down 16% as softening extends into July renewals: Guy Carpenter
29th June 2026
Guy Carpenter's July 2026 reinsurance renewal report has revealed that risk-adjusted decreases have deepened since January 1 in some cases, with the global property catastrophe rate on line (ROL) remaining down by around 16%. The firm attributed the trend to benign loss activity, ample reinsurer capacity and strengthening risk appetite, which ... Read the full article
Soft market conditions persist at mid-year supported by capital growth and product innovation: Guy Carpenter
29th June 2026
In its July 2026 reinsurance renewal report, Guy Carpenter, a global risk and reinsurance specialist and a business of Marsh, has suggested that abundant capacity and growing reinsurer appetite kept the global property reinsurance market competitive at the mid-year renewals, with attractive terms and coverage options encouraging buyers to explore ... Read the full article
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