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.
Balance of power ‘slowly shifting back towards buyers’ ahead of Jan ’26 renewals: Antares CEO
21st August 2025
Mike van der Straaten, Chief Executive Officer of Antares Global, a provider of insurance and reinsurance capacity, has said that the balance of power is shifting back towards buyers of reinsurance, with greater competition and gradually returning capacity poised to put downward pressure on rates ahead of the January 1st, ... Read the full article
Healthy & constructive market environment needs to be the new norm: Swiss Re CEO
14th August 2025
Andreas Berger, Group Chief Executive Officer (CEO) of reinsurance giant Swiss Re, said this morning that the current healthy and constructive reinsurance market environment needs to be the new normal as companies must earn their cost of capital. After posting a 24% rise in net income and strong underwriting profitability ... Read the full article
Hannover Re seeing growth in most segments, nat cat risk appetite expanding: Sven Althoff
12th August 2025
Hannover Re, one of Europe's big four reinsurance companies, has achieved year-to-date growth in traditional treaty renewals of 5.4%, with one of the key drivers being underlying expansion of the firm's ceding companies, while the carrier's appetite for natural catastrophe risk is also growing, according to Sven Althoff, Member of ... Read the full article
Property cat isn’t approaching a pain point, there is no soft market, says Munich Re’s Wenning
8th August 2025
Joachim Wenning, Chief Executive Officer (CEO) of global reinsurer Munich Re, said this morning that there is no soft market in property catastrophe reinsurance, rather the period of no major losses for reinsurance companies is over. Addressing the media after the release of a strong set of quarterly and half ... Read the full article
Large spread of price movements at the mid-year, Hiscox Re & ILS portfolio well rated: Group CUO
6th August 2025
Joanne Musselle, Group Chief Underwriting Officer (CUO) of specialist insurer and reinsurer Hiscox, has explained that although the Hiscox Re & ILS business saw aggregate rates decline 6% in the first half of the year, the firm did see a "relatively large spread at the mid-year renewals." During Hiscox's recently held ... Read the full article
Property cat ROEs ‘still very attractive’, rate declines not always across the board: Arch CEO
5th August 2025
Bermuda headquartered insurance and reinsurance company, Arch Capital Group Ltd., expanded its property catastrophe reinsurance writings, particularly in Florida, during the second quarter of 2025, and Chief Executive Officer (CEO), Nicolas Papadopoulo, believes that ROEs in the line remain "very attractive." Group-wide, Arch expanded its gross premiums written (GPW) by ... Read the full article
Progressive fortifies cat reinsurance program in Q2’25
5th August 2025
US insurer Progressive has announced the successful renewal of its catastrophe reinsurance arrangements in the second quarter of 2025, reinforcing its protection against significant weather events. The renewed programs, which address the company’s risk tolerance, include new reinsurance contracts under the company’s per occurrence excess of loss program for its personal ... Read the full article
Reinsurance rates remain strong in ‘very hard’ property cat market: Everest CEO
31st July 2025
Jim Williamson, CEO of Bermuda-based insurance and reinsurance company Everest, has disregarded talk of a soft property cat market, describing rates as very strong and the market as very hard while discipline has been maintained. During Everest’s second quarter 2025 earnings call, Williamson firmly pushed back against suggestions that the ... Read the full article
SCOR preparing for competitive reinsurance environment to persist & intensify into Jan 1
31st July 2025
Thierry Léger, Chief Executive Officer (CEO) of SCOR, one of Europe's big four reinsurers, said this morning that although there's not been an influx of new entrants in the reinsurance market, competition was high at the mid-year renewals and could be even more competitive at January 1st, 2026. Addressing the media ... Read the full article
Cincinnati buys additional $300m of property cat reinsurance at July renewal
29th July 2025
Cincinnati Financial Corporation has announced that it purchased an additional layer on its property catastrophe reinsurance treaty with a limit of $300 million, effective July 1st, increasing the total limit from $1.5 billion to $1.8 billion. According to the company’s quarterly report, Cincinnati retains 57.2% of losses between $1.5 billion and ... Read the full article
RenRe built one of its largest & most profitable property cat portfolios at mid-year renewal: CEO O’Donnell
24th July 2025
Bermuda-based reinsurer RenaissanceRe (RenRe) had a strong mid-year renewal and constructed one of its largest and most profitable net retained property catastrophe portfolios, with the firm's President and Chief Executive Officer (CEO), Kevin O'Donnell, revealing that 80% of Florida premium the company wrote was at private terms above market rates. Speaking ... Read the full article
Travelers renews cat reinsurance programs at mid-year on similar terms, broadens coverage
17th July 2025
US primary insurer Travelers has renewed its major catastrophe reinsurance programs at mid-year on terms largely consistent with the prior year, with some adjustments to coverage. Namely, effective July 1, 2025, Travelers renewed its Northeast Property Catastrophe Excess-of-Loss Reinsurance to provide the same $1 billion of coverage, from the same ... Read the full article
Capacity & competition put further pressure on prices after 2024 peak: Fitch
16th July 2025
Abundant capacity and intensifying competition among reinsurers are driving softer pricing at the June and July renewals, reinforcing Fitch Ratings’ expectation that market pressures will continue to weigh on prices beyond their 2024 peak. According to the ratings agency, pricing across most reinsurance lines continued to fall at the mid-year renewals, ... Read the full article
Reinsurer returns to remain robust with steady ROE through 2027: Guy Carpenter
4th July 2025
As reinsurance rates continued to soften at the mid-year renewals, the return on equity (ROE) for full year 2025 is expected to decline from 2024, although remain above the cost of equity and at a higher level than during the most recent soft market years, suggesting continued profitability and strong ... Read the full article
US property cat reinsurance market in favour of buyers at mid-year renewals: Aon
3rd July 2025
Conditions in the U.S. property catastrophe reinsurance market continued to shift in favour of buyers at the mid-year renewals, yet portfolio returns remain strong and attractive for reinsurers and investors alike, even with the rate reductions, according to Aon. A new report from the firm has suggested that capacity was abundant, ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
