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.
US cyber rates drop 32% at April 1, bespoke solutions surge amid ample reinsurance capacity: Gallagher Re
2nd April 2026
US cyber reinsurance rates fell around 32% during the April 1 renewals, impacted by a surge in excess capacity, which combined with a stable performance and low non-proportional pricing, has fostered the development of tailored solutions for cyber portfolios, according to Gallagher Re’s 1st View April renewal report While primary rates ... Read the full article
Macro trends drive market softening in Asia & India at April 1 renewals: Guy Carpenter
2nd April 2026
Guy Carpenter, the reinsurance broking arm of Marsh, reports that both Asia and India witnessed continued softening at the April 1, 2026, reinsurance renewals, as the ongoing conflict in the Middle East threatens to drive significant losses for various specialty lines of business. The reinsurance broker highlights significant price reductions in ... Read the full article
Japanese buyers achieved significant price improvements at April 1 renewal, T&Cs stable: Aon
2nd April 2026
Japan's insurers secured favourable terms and pricing reductions during the April 1 reinsurance renewal season, supported by strong financial results, a lack of major catastrophe losses, and abundant capacity, according to global broking group Aon. According to Aon’s April 2026 renewal Reinsurance Market Dynamics report, which explores the Japan-focused 1.4 renewal ... Read the full article
Growth in capacity from existing and new casualty players at April 1 renewals: Gallagher Re’s Shah
1st April 2026
Despite competitive terms, capacity in the casualty reinsurance market increased at the April 1st, 2026, reinsurance renewals, supported by both existing players and new entrants, according to Chirag Shah, Global Head of Casualty at Gallagher Re. In reinsurance broker Gallagher Re’s latest 1st View Report, Shah noted that the casualty market ... Read the full article
Japan remains an attractive, diversifying market for reinsurers despite further softening at April 1: Gallagher Re’s Sherriff
1st April 2026
Japan continues to be an attractive, diversifying market from a reinsurance standpoint, said George Sherriff, Chief Executive Officer, Gallagher Re Japan, noting that reinsurers are very well capitalised and entered the April 1st, 2026, renewals still seeking opportunities. In an interview with Reinsurance News around the largely Japan-focused April renewals, Sherriff ... Read the full article
Reinsurers’ ROEs to exceed their cost of capital in 2026: Aon
1st April 2026
Reinsurers achieved an average return on equity (ROE) of 17% in 2025, marking a third straight year of strong underwriting results and retained earnings, supported by solid investment performance, according to Aon’s April renewal report. With this in mind, the firm has anticipated reinsurers to continue generating returns above their cost ... Read the full article
Jan 1 themes persist at April renewals as property cat rate decreases accelerate: Gallagher Re
1st April 2026
January 1 renewal trends persisted at the Japan-focused April 1 reinsurance renewals, with Gallagher Re reporting that Japanese property catastrophe programmes ran loss free, leading to risk-adjusted rate decreases of between -15% and -17.5%, as buyers took advantage of strategic opportunities. Reinsurance broker Gallagher Re's latest 1st View Report examines the ... Read the full article
April 1 renewal saw Japan property cat rates return to early 2020s levels, says Howden Re
31st March 2026
Risk-adjusted property-catastrophe rates-on-line in Japan reverted to levels last seen in the early 2020s at the April 1 2026 reinsurance renewals, with catastrophe excess-of-loss programmes in the country witnessing risk-adjusted price reductions of up to 20%, according to Howden Re, the global reinsurance broker. At the Japan-focused April renewal season, Howden ... Read the full article
Reinsurers are committed to an Indian market at the forefront of global growth: Agarwal, Howden India
31st March 2026
In an interview with Reinsurance News, Amit Agarwal, Chief Executive Officer (CEO) and Managing Director (MD) of Howden India, explained that, amid abundant capacity and heightened competition, certain areas of the market projected a softening in price ahead of the April renewals; however, reinsurers remain deeply committed to the Indian ... Read the full article
CEA’s total reinsurance limit rose to $7.912bn at year-end 2025
16th March 2026
The California Earthquake Authority’s (CEA) total traditional reinsurance limit amounted to $5.037 billion at the end of 2025, which combined with in-force protection from catastrophe bonds of $2.875 billion, saw the entity's total risk transfer limit rise to $7.912 billion from around $7.67 billion at the end of September. In recent ... Read the full article
Escalating Middle East conflict may trigger risk repricing in reinsurance: AM Best
16th March 2026
A new AM Best report has warned that if the ongoing Middle East conflict continues or escalates, reinsurers may need to reassess their risk exposure, with renewals becoming a critical inflection point for the sector in regional markets. According to the rating agency, this could lead to higher pricing on commercial risks, ... Read the full article
Liberty Mutual places $2.75bn property cat occurrence tower, raises aggregate attachment
6th March 2026
Global insurer Liberty Mutual Group renewed its property catastrophe reinsurance programme at the January 1st, 2026, renewals, securing $2.75 billion of occurrence limit excess a $1 billion retention, alongside $500 million of tail aggregate cover and $100 million of aggregate protection "closer to income-volatility protection." For 2026, the retention for the ... Read the full article
Lancashire ‘very pleased’ with outcome of Jan 1 reinsurance renewals: CUO Gregory
5th March 2026
Bermuda-based insurer and reinsurer, Lancashire Insurance Holdings, is "very pleased" with the outcome of its inwards and outwards reinsurance renewals at January 1, 2026, as the firm took advantage of the opportunity to tailor better structured products to help manage its earnings volatility in this phase of the cycle, said ... Read the full article
Aerospace reinsurance renewals more benign than expected despite claims pressure: WTW
5th March 2026
At the end of 2025, aerospace reinsurance underwriters were expected to impose tougher renewals as they struggled under the weight of significant claims, however, direct insurers were able to negotiate relatively benign renewals at the start of 2026, according to WTW. In its recent Aerospace Insurance Market Renewal Outlook, WTW noted ... Read the full article
Pool Re finalises renewal of £2.75bn retrocession placement
5th March 2026
Britain’s government-backed terrorism reinsurer, Pool Re, has completed the placement of its 2026 retrocession placement, securing £2.75 billion of aggregate excess of loss cover, including new cover for non-damage business interruption (NDBI). In terms of the size, the £2.75 billion of retro reinsurance protection secured through this 36 month placement is ... Read the full article
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