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.
California wildfire losses won’t drive SCOR’s price adjustments at midyear renewals: Conoscente
7th May 2025
While the significant losses related to the California wildfires will impact the June/July reinsurance treaty renewals, they are not expected to be a major factor dictating SCOR’s overall price adjustments across its book of business, according to CEO of Global P&C, Jean-Paul Conoscente. He stated: “The California wildfire payback will impact ... Read the full article
TWIA says rates on line ‘potentially down’ as June 1 reinsurance renewal nearly placed
6th May 2025
Jim Murphy, Chief Actuary of the Texas Windstorm Insurance Association (TWIA), said during a Board meeting today that rates on line that the association is seeing in the market right now are flat, if not potentially down when compared with last year. At TWIA's Board meeting held today, reinsurance funding was ... Read the full article
Everest CEO expects mid-year reinsurance renewals to be ‘quite attractive’
1st May 2025
Jim Williamson, CEO of Bermuda-based re/insurer Everest, said today that he expects the mid-year reinsurance renewals to be attractive, and that he doesn't see property catastrophe reinsurance rates decreasing to a level that makes it a less appealing business for the firm. Speaking during Everest’s First Quarter 2025 earnings call, ... Read the full article
Allstate lifts top of catastrophe reinsurance tower to $9.5bn for 2025-2026
1st May 2025
US primary insurer Allstate has completed the placement of its 2025-2026 Nationwide Excess Catastrophe Reinsurance Program, lifting the top of the tower by around $1.6 billion to $9.5 billion of loss, excess a $1 billion retention. At this year's renewal, Allstate's per occurrence excess agreements placed in the traditional reinsurance market ... Read the full article
Arch CEO expects ‘flattish’ Florida reinsurance renewals with additional demand
30th April 2025
Nicolas Papadopoulo, Chief Executive Officer (CEO) of Bermuda-based insurer and reinsurer Arch Capital Group, said today that he expects the upcoming Florida reinsurance renewal season to be more flattish than what was seen at the April renewals, with additional demand from clients. Arch released a strong set of results yesterday ... Read the full article
Reinsurers adopting a ‘slightly different strategy’ for mid-year renewals: Beazley CEO
29th April 2025
The outlook for the key mid-year reinsurance renewals is distinct from what happened at the Japan-focused April renewal period, and from what specialist insurer Beazley is seeing so far, sellers are adopting a different strategy, according to Adrian Cox, Chief Executive Officer of the London-based carrier. After the release of ... Read the full article
Mid-year renewal trading conditions more favourable for reinsurers than Jan 1: RenRe CUO
24th April 2025
David Marra, Executive Vice President and Group Chief Underwriting Officer (CUO) of Bermuda-based reinsurer RenaissanceRe (RenRe), said today that the firm is encouraged with trading conditions ahead of the mid-year property renewals, with more balance between supply and demand when compared with the January 1st renewals. Addressing analysts after the release ... Read the full article
Reinsurance market finds balance in 2024, Arundo Re sees continued growth
22nd April 2025
The “gradual easing of the hard market” in 2024 led to an improvement for reinsurers, though less pronounced than in 2023, particularly in reinsurance terms and program structures, as per Hervé Nessi, Arundo Re's Chief Underwriting Officer. In the firm's 2024 Activity Report, Nessi observed that primary reinsurance rates continued to ... Read the full article
Guy Carpenter CEO expects continuation of 1.4 trend at mid-year renewals
17th April 2025
Speaking during Marsh McLennan's Q1 2025 earnings call this afternoon, Dean Klisura, CEO of reinsurance broker Guy Carpenter, provided an outlook for the mid-year reinsurance renewals. Klisura indicated that he expects the trends seen during the January 1 and April 1 renewals to continue into the June 1 ... Read the full article
J.P. Morgan says mid year renewals outlook still ‘up in the air’
16th April 2025
Analysts at J.P. Morgan have suggested that the pricing outcome of the mid year renewals is still very much up in the air, noting that major U.S. losses and an active hurricane forecast are weighing on the market, while strong margins, manageable LA wildfire impacts, and ample capital, particularly at ... Read the full article
Capital flows & Florida reforms point to lower pricing at June 1 renewals
11th April 2025
Given the recent strong results that are driving capital flows, along with Florida reforms that have proven highly effective, analysts from Citizens JMP Securities expect pricing at the June 1 renewals to decrease modestly. Readers will know that June 1 is particularly significant, as it marks a key opportunity for insurers ... Read the full article
Sutton National & Bamboo complete reinsurance renewal with new sidecar & cat bond
8th April 2025
Property and casualty insurer Sutton National and Bamboo Ide8 Insurance Services, LLC., part of White Mountains Insurance Group, Ltd., have announced the completion of Bamboo's reinsurance programme, which includes a debut catastrophe bond and the execution and funding of a 2025 sidecar transaction. As listed on our insurance-linked securities (ILS) focused ... Read the full article
Well-balanced reinsurance supply & demand in Greater China at 1.4 renewals: Aon
4th April 2025
Reinsurance supply and demand in Greater China are well-balanced at the start of 2025, with reinsurance conditions at the April 1 renewals building on the favourable trends seen at 1.1, according to global insurance and reinsurance broker Aon. In its recent Reinsurance Market Dynamics report, Aon noted that in the Greater ... Read the full article
Japan’s cyber insurance market continues to grow amid flat reinsurance demand: Gallagher Re
3rd April 2025
The Japanese cyber insurance market continues to grow, albeit at a slower pace compared to previous years, driven by the increasing number of policyholders, according to reinsurance broker Gallagher Re’s recent market analysis. Gallagher Re's April 1 renewal report shows that overall, the global reinsurance market showed increased capacity and ... Read the full article
Aon expects over $7.5bn of additional US property cat reinsurance demand at mid-year renewals
2nd April 2025
As reinsurance capital continues to grow and keep pace with increasing demand from buyers, broking group Aon's Reinsurance Solutions arm expects more than $7.5 billion of additional US property catastrophe limit demand at the mid-year renewals. The June and July reinsurance renewals are key for the US property cat market, and ... Read the full article
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