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.
CEA’s risk transfer tower expands to $7.8bn following April reinsurance renewal
9th June 2025
As of April 2025, the California Earthquake Authority’s (CEA) risk transfer tower has grown to approximately $7.8 billion in total in-force coverage, following the successful renewal of additional reinsurance protection. According to the CEA’s latest disclosure, the organisation renewed $1.2 billion in reinsurance limit during the April renewal cycle. This brought its ... Read the full article
New Zealand’s NHC secures $10.3bn of reinsurance protection at June 1
5th June 2025
Natural Hazards Commission Toka Tū Ake (NHC) has secured $10.3 billion of reinsurance protection for New Zealand at 1 June 2025 to help protect homeowners from the impact of natural hazards. The $10.3 billion figure marks an increase of $1.15 billion from June 2024's total reinsurance cover. It also includes $225 ... Read the full article
Mangrove completes inaugural cat reinsurance program
3rd June 2025
Mangrove Property Insurance Company has finalised its catastrophe reinsurance program for the 2025 Atlantic hurricane season, protecting the firm and its policyholders to the 175-year return period and for events exceeding any in the historical record. The newly formed Florida insurer's reinsurance program, which exceeds all regulatory and rating agency requirements, ... Read the full article
American Coastal renews core cat reinsurance program with $1.676bn coverage
2nd June 2025
American Coastal Insurance Corp. (ACIC) has renewed its core catastrophe reinsurance program (Core CAT) for 2025/26, purchasing approximately $1.676 billion of occurrence-based limit in the aggregate, an increase of $62.4 million, or 3.9%, from 2024/25. According to ACIC, the renewed Core CAT program, facilitated through its insurance subsidiary AmCoastal, covers perils ... Read the full article
Palomar extends earthquake reinsurance coverage to $3.53bn at June 1
30th May 2025
Palomar Holdings has completed key reinsurance placements effective June 1, 2025, adding approximately $455 million in incremental limit to support its expanding Earthquake franchise, bringing total earthquake coverage to $3.53 billion and U.S. hurricane coverage to $100 million. The firm explained that per occurrence event retention is $11 million for hurricane ... Read the full article
American Integrity lifts reinsurance limit by 45% to $2.59bn amid premium and exposure growth
30th May 2025
Florida headquartered property insurer American Integrity Insurance Group has completed the placement of its 2025-2026 catastrophe excess-of-loss reinsurance program, lifting the amount of limit secured by 45%, or $799 million year on year to $2.59 billion. Effective June 1st, 2025, the reinsurance program provides the firm's insurance subsidiary, American Integrity Insurance ... Read the full article
Universal subsidiaries complete $2.526bn reinsurance program for 2025–2026
30th May 2025
Universal Insurance Holdings’ wholly-owned insurance subsidiaries have completed their combined reinsurance program for the 2025–2026 period, setting the top of their reinsurance tower for a single All States event (including Florida) at $2.526 billion. This represents an increase of $110 million compared to the 2024–2025 program. The new coverage, which applies ... Read the full article
June renewals reflect market transitioning from disruption to disciplined recalibration: Howden Re
29th May 2025
Howden's global reinsurance, capital markets, and strategic advisory arm, Howden Re, has noted a continued moderation in property-catastrophe reinsurance pricing at 1 June 2025, while underwriting rigour reportedly persisted, especially in structurally challenged layers. According to a new report from Howden Re, following a selective return of capacity driven by historic ... Read the full article
LA wildfires won’t affect reinsurer appetite or growth plans at June 1: Guy Carpenter
29th May 2025
Discussing how the Florida-focused June reinsurance renewals are shaping up, Randy Fuller, Managing Director, Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has suggested the California wildfires in Q1 are not expected to have a meaningful impact on reinsurer appetites or growth plans. During a webinar hosted by AM Best, ... Read the full article
Property cat rates expected to fall ~10% at June 1 but market dynamics still favourable: KBW
22nd May 2025
KBW, an investment bank focused on insurance and reinsurance markets, has provided a detailed outlook on the upcoming June 1, 2025, reinsurance renewals, along with projections for the January 1, 2026 renewal season. According to KBW’s recent discussions with top industry executives during their Bermuda tour, property catastrophe excess-of-loss reinsurance rates ... Read the full article
Property & nat cat lines competitive but environment remains healthy: Swiss Re CEO
16th May 2025
Andreas Berger, CEO of Swiss Re, has suggested that while the firm’s property and natural catastrophe lines faced tougher competitive pressures so far in 2025, the overall environment remains healthy. During Swiss Re’s Q1 2025 conference call, Berger provided detailed insights on the property segment, discussing current pricing trends across different ... Read the full article
It’s still attractive but start of softening cycle is clear: Malmström, Swiss Re CFO
16th May 2025
Year-to-date, reinsurance giant Swiss Re has seen a net price reduction of 1.5%, and although it's clear the reinsurance sector is at the beginning of a softening cycle, it's still an attractive marketplace, according to Anders Malmström, Swiss Re Group Chief Financial Officer (CFO). This morning, Swiss Re announced a ... Read the full article
Slide secures its largest cat bond yet with $250m Purple Re
16th May 2025
Slide Insurance, a technology-enabled insurance firm, has finalised pricing for its $250 million Purple Re Ltd. (Series 2025-1) catastrophe bond, the fourth and largest issuance from the company to date. The firm confirmed that the Series 2025-1 cat bond was offered in two separate fully collateralised classes of $125 million, ... Read the full article
Munich Re ‘optimistic’ for mid-year renewals, US property cat still attractive: CFO Jurecka
13th May 2025
Christoph Jurecka, Chief Financial Officer (CFO) of global reinsurance company Munich Re, said today that while it's still early days, the firm is optimistic ahead of the key mid-year reinsurance renewals as pricing remains attractive despite some softening so far in 2025, while the firm still sees the US property ... Read the full article
Mid-year renewals to mirror January & April trends as property pricing softens: Hannover Re’s Althoff
13th May 2025
Sven Althoff, Executive Board Member for Property & Casualty at Hannover Re, has indicated that the upcoming mid-year renewals are expected to mirror the outcomes seen on January 1 and April 1, particularly with continued softening in property pricing. Speaking during the firm’s Q1 earnings call, Althoff stated, "The pricing we ... Read the full article
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