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.
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
Heritage secures more catastrophe reinsurance and higher retention at renewal
9th May 2025
Heritage Insurance Holdings, a super-regional P&C insurer, purchased $2.479 billion of catastrophe reinsurance limit at its 2025 renewal, which is up on last year's $2.194 billion of limit, while this year's placement included a higher retention. The 2025-2026 indemnity-based, catastrophe excess-of-loss reinsurance program protects the firm's statutory insurance subsidiaries, Heritage Property ... Read the full article
India’s re/insurance market at inflection point: Mathur, Policybazaar for Business
9th May 2025
India’s risk transfer market is at an inflection point, as reinsurance infrastructure in the country lags the evolution of the rapidly expanding primary insurance market, creating opportunities for new ideas and models, according to Tarun Mathur, Co-founder and Chief Business Officer, Policybazaar for Business. Founded in 2008, Policybazaar is an insurance ... Read the full article
Zurich secures aggregate reinsurance amid ‘favourable price environment’
8th May 2025
Large European insurer Zurich took advantage of the "favourable price environment" at the April renewals and secured global aggregate reinsurance cover for lower layers, leveraging alternative, collateralised, and traditional capacity, Claudia Cordioli, Zurich Group Chief Financial Officer (CFO), said on today's earnings call. After reporting a solid set of Q1 ... Read the full article
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
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