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.
Record $800bn reinsurance capital offers insurers growth opportunities heading into 1.1: Aon
4th September 2026
With global reinsurance capital climbing to a record $800 billion, insurers heading into the 1 January 2027 renewals have an exceptional opportunity to move from a defensive balance sheet management to strategic expansion. According to Aon's recently launched Snapshot Guide to the Reinsurance Renewal report, this capital pool, which ... Read the full article
Reinsurers likely to be more disciplined at Jan 1 than in past soft markets: Storr, Antares
4th September 2026
Ahead of the 68th edition of the Monte Carlo Rendez-Vous (RVS), Mat Storr, Head of Reinsurance at Antares Global, has said that the upcoming renewals are likely to be more disciplined than in past soft markets. Storr expects an orderly renewal rather than a dramatic shift in pricing, and anticipates that ... Read the full article
Substantial deterioration in underwriting or financial conditions required to reverse softening momentum: Howden Re
3rd September 2026
Reinsurance broker Howden Re has said that a substantial deterioration in underwriting or financial conditions would be required to reverse the reinsurance market’s current softening momentum. The firm has released its Pre-Monte Carlo Report, “Breaking the Glass”, highlighting that the reinsurance market enters the final months of 2026 from a position ... Read the full article
Stable T&Cs ahead of 1.1, but hurricane season and other factors hold leverage: Moody’s
2nd September 2026
Reinsurance terms and conditions (T&Cs) are likely to hold heading to January 1, 2027, renewals, Moody's analysts commented following the release of their Sector In-Depth and Outlook reports. Underwriting discipline has remained stable in 2026, even as reinsurers continue to grow their exposure to natural catastrophe risk. Since ... Read the full article
Defining feature of today’s market is the amount of capital and choice available to buyers: Gallagher Re CEO
1st September 2026
While discussions around pricing and rate adequacy are important, Tom Wakefield, Global Chief Executive Officer (CEO) of Gallagher Re, has said that in the reinsurance broker's view, the most important conversations as the market heads to Monte Carlo are around the increased volume of capital and choice now available to ... Read the full article
Asia reinsurance market resilient as abundant capacity softens rates: AM Best
25th August 2026
The Asian reinsurance market experienced abundant capacity, sliding rates, and over-placement during the 2026 renewal season, mirroring the same broad theme seen across the global reinsurance market, AM Best noted in a recent report. Despite downward pricing pressure, cedents maintained largely stable deductibles, using ceded premium savings to buy up higher-layered ... Read the full article
T&Cs to offer ‘growing flexibility’ to cedants at 2027 renewals: Fitch
25th August 2026
A new report from Fitch Ratings has suggested that global reinsurance pricing will soften further at the 2027 renewals, with terms and conditions offering cedants increasing flexibility as excess supply continues to outpace modest demand growth. "The 2026 renewals demonstrated a strong shift to a buyers’ market, particularly for property risk, ... Read the full article
Hannover Re is comfortable growing in this market, expects property cat rate reductions to decelerate: Althoff
12th August 2026
Sven Althoff, Member of the Executive Board for Property & Casualty at large reinsurer Hannover Re, said today that the company is comfortable growing in this P&C market environment, while the firm expects property catastrophe price reductions to decelerate heading into the January 1st, 2027, renewals. This morning, Althoff, alongside other ... Read the full article
Progressive renews property cat reinsurance program with $2.19bn Florida cover
11th August 2026
The Progressive Corporation has revealed the particulars of its 2026-2027 Property Catastrophe per Occurrence Reinsurance program, which renewed June 1, 2026, combining traditional reinsurance, cat bonds and Florida Hurricane Catastrophe Fund (FHCF) protection across a tower providing up to $2.19 billion of coverage for a first event in Florida and ... Read the full article
P&C environment remains attractive, no acceleration in rate softening at July 1: Munich Re CEO
7th August 2026
Christoph Jurecka, Chief Executive Officer (CEO) of reinsurance giant Munich Re, has underlined the company's ability to walk away from business where pricing is viewed as inadequate, but added that the P&C market is still attractive as the volume of business written by the reinsurer at the July renewals fell ... Read the full article
Allstate trims Florida cat reinsurance protection at mid-year renewal
6th August 2026
Allstate, a US primary insurance company, opted to reduce the amount of protection for its Florida excess catastrophe reinsurance tower at its mid-year renewal, while the carrier renewed numerous other contracts with some slight adjustments. Last year, the Florida cat reinsurance tower provided coverage up to $1.1 billion excess a $30 ... Read the full article
Zurich reveals cat reinsurance towers, separates US peak perils protection
6th August 2026
Large European insurer Zurich has disclosed its catastrophe reinsurance towers after the mid-year renewals, which for the first time breaks out its US peak perils protection, and reveals slight adjustments to its US all perils and Europe all perils arrangements. As we reported previously, Zurich recently secured a $1 billion ... Read the full article
Net cost of TWIA’s finalised $2.28bn reinsurance programme well under budget
4th August 2026
The Texas Windstorm Insurance Association (TWIA) has completed its 2026 risk transfer programme, securing $2.28 billion in reinsurance coverage at a net cost almost $26 million under budget, with total funding for this year's Atlantic hurricane season standing at $4.305 billion. After the TWIA Board adopted a $4.3 billion 1-in-50 ... Read the full article
Ageas Re continued to grow its 3rd Party Business in 2026 despite deteriorating market conditions
27th July 2026
Ageas Re, the reinsurance division of international insurance group Ageas, delivered strong growth in 3rd Party Business during its January-July 2026 renewal campaign, driven by increased shares on selected programmes and substantial new business generation. During the period, the reinsurer continued to grow its 3rd Party Business portfolio and also further ... Read the full article
Effects of a softening reinsurance market becoming increasingly visible, says Autonomous
22nd July 2026
The effects of a softening reinsurance market are becoming more evident, according to investment research firm Autonomous, which says sustained pricing declines are beginning to weigh on revenue growth and are expected to put greater pressure on underwriting performance over time. In its latest report, Autonomous said the final major renewal ... Read the full article
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