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.
Property cat ROL declines accelerate at June 1 reinsurance renewal: Howden Re
1st June 2026
Reinsurance broker Howden Re reports that on a weighted-average basis, risk-adjusted property catastrophe rates decreased by up to 25% at the June 1 reinsurance renewal, an acceleration from the -14.7% and -16% declines the firm recorded at the January and April renewal periods, respectively. Howden Re's risk-adjusted property catastrophe reinsurance rate-on-line ... Read the full article
American Integrity boosts cat XoL limit to $2.99bn amid softer reinsurance pricing and improved Florida conditions
1st June 2026
Tampa-based property and casualty insurance holding company American Integrity Insurance Group has fully placed its 2026–2027 indemnity-based catastrophe excess of loss reinsurance programme for its insurance subsidiary, American Integrity Insurance Company (AIIC), effective June 1, 2026. The firm described market conditions at the June 1 renewal as favourable, supported by a ... Read the full article
Palomar’s earthquake reinsurance limit up to $3.92bn after June renewal
29th May 2026
Palomar Holdings, Inc., a US-based specialty insurance company focused on property and casualty coverage, has successfully completed its June 1st reinsurance placement, securing approximately $421 million of incremental limit to support the growth of its earthquake franchise. The company’s reinsurance coverage now extends to $3.92 billion for earthquake events and $135 ... Read the full article
Universal adds $352m of multi-year coverage for 2026–2027 reinsurance program
29th May 2026
Universal Insurance has announced the completion of the combined 2026–2027 reinsurance program for its wholly owned insurance company subsidiaries, effective June 1, 2026. Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty Insurance Company (APPCIC), the two subsidiaries, set the top of the combined reinsurance tower for ... Read the full article
Legal reforms and disciplined underwriting combine to restore confidence in Florida’s property market: Guy Carpenter
28th May 2026
A new report from Guy Carpenter, a business of Marsh, found that legal reforms, stronger building resilience and disciplined underwriting have helped restore capital and confidence in Florida’s property market, with risk-adjusted property catastrophe pricing at the June renewals generally down 15%–20% across many layers and Florida clients securing more ... Read the full article
American Coastal renews core cat reinsurance programme with $1.918bn coverage
21st May 2026
Florida-based American Coastal Insurance Corp. (ACIC) has renewed its core catastrophe reinsurance programme (Core CAT) for 2026/27, purchasing approximately $1.918 billion of occurrence-based limit in the aggregate, an increase of $241.5 million, or 14.4% from the previous year. For the renewed Core CAT programme, facilitated through its insurance subsidiary AmCoastal, ... Read the full article
TWIA’s $2.28bn reinsurance renewal almost signed at comparable ROL to last year
20th May 2026
The Texas Windstorm Insurance Association (TWIA) looks set to secure the entirety of the $1.23 billion of fresh reinsurance it requires to meet its 1-in-50 year probable maximum loss from the traditional market, with Gallagher Re's Allen Cashin confirming yesterday that the programme is now fully committed and will be ... Read the full article
TWIA requires a further $1.23bn of reinsurance to meet 2026 risk transfer needs
18th May 2026
After successfully pricing its latest catastrophe bond, as reported by our insurance-linked securities (ILS) focused sister publication, Artemis, the Texas Windstorm Insurance Association (TWIA) now requires around $1.23 billion of fresh reinsurance to fulfil its risk transfer requirements for 2026. We reported back in February that the TWIA board adopted ... Read the full article
A diversified portfolio is key to navigating a softening cycle: Hamilton Re’s Daws
12th May 2026
As the reinsurance industry approaches the mid-year 2026 renewal season, Adrian Daws, CEO of Hamilton Re, the Bermuda-based underwriting platform of global specialty insurer and reinsurer Hamilton, remains optimistic about its growth opportunities, even as the market navigates transitioning conditions. Speaking with Reinsurance News during our visit to Bermuda, Daws emphasised ... Read the full article
Quality of Hannover Re’s portfolio after renewal still very sound despite surprises: Althoff
11th May 2026
Despite several unexpected factors that challenged initial expectations during the latest renewal season, Hannover Re’s portfolio quality remained sound, according to Sven Althoff, a Member of the Executive Board for Property & Casualty, during the company’s recent analysts’ call. Althoff highlighted stronger pricing pressure as one of the main surprises during ... Read the full article
Palomar reports improved reinsurance terms and expands catastrophe bond protection in Q1’26
8th May 2026
Mac Armstrong, the CEO of Palomar Holdings, a US-based speciality insurance company focused on property and casualty coverage, said the firm's 2026 reinsurance renewals delivered stronger economic terms across both property and casualty business lines, while the company also increased its catastrophe protection through the latest Torrey Pines Re bond ... Read the full article
Swiss Re expects similar trends at mid-year renewals, prioritising quality over volume: CEO
7th May 2026
Andreas Berger, Group CEO at global reinsurer Swiss Re, said he expects the mid-year reinsurance renewals to see similar trends to those observed at January and April, with high demand and continued pricing pressure, while emphasising that Swiss Re will remain focused on prioritising portfolio quality over volume. During Swiss ... Read the full article
Competitive market environment to continue for mid-year renewals, underwriting discipline a priority: SCOR’s Léger
6th May 2026
As the mid-year reinsurance renewals approach, SCOR expects the market environment to remain stable but highly competitive, according to the company CEO Thierry Léger, who also emphasised that underwriting discipline will remain essential to maintain portfolio quality. Despite a more challenging pricing environment, SCOR is prioritising margin protection. During the April ... Read the full article
Allstate extends Nationwide occurrence cat reinsurance and adjusts aggregate protection
30th April 2026
US primary insurer Allstate extended the top of its Nationwide Per Occurrence catastrophe reinsurance tower by $2 billion to provide coverage for events up to $11.5 billion of loss at its April renewal, and also made some changes to its aggregate protection. For Allstate's main 2026-2027 Nationwide Per Occurrence tower, the ... Read the full article
New reinsurance demand is trending higher than we thought at Jan 1, says RenRe CUO
29th April 2026
David Marra, Group Chief Underwriting Officer (CUO) of Bermuda-based reinsurer RenaissanceRe (RenRe), said today that new demand for reinsurance protection ahead of the mid-year renewals is trending higher than the firm expected at January 1, with RenRe seeing "really good opportunities" to deploy capital. During RenRe's recently held Q1 2026 ... Read the full article
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