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.
July Casualty and Financial Lines renewals orderly as reinsurers reward stronger portfolios: Howden Re
26th June 2026
A new Howden Re report focused on the 1 July 2026 Casualty and Financial lines renewals has suggested that for those willing to look past the noise and into the data, there is a compelling case for profitable growth in the market. "As property pricing softens and fresh capital continues to ... Read the full article
Goldman Sachs analysts expect reinsurance rates in Australia to fall 10-15% at July 1 renewal
25th June 2026
Risk-adjusted reinsurance rates in Australia are projected to decline between 10-15% at the July 1st renewals, with reductions likely to be closer to the higher end of the range, according to analysts at investment bank and financial services company, Goldman Sachs. Analysts at Goldman Sachs expect favourable rate reductions for buyers ... Read the full article
Florida Citizens renews $2.82bn catastrophe program amid up to 30% rate decline
22nd June 2026
Florida’s Citizens Property Insurance Corporation has revealed it has placed its 2026 private risk transfer program of $2.82 billion. Of the total, approximately $691 million is in the traditional reinsurance market and $2.13 billion in the capital markets, resulting in an overall weighted-average net rate-on-line (ROL) of 9.52%. The program comprises $1.29 ... Read the full article
Orion180 lifts reinsurance cover 36% to $1.15bn for 2026 hurricane season
17th June 2026
Insurance solutions provider Orion180 Insurance has successfully completed its reinsurance programmes ahead of the June 2026 treaty renewals, securing $1.15 billion of capacity across its towers, a 36% year-on-year increase. The reinsurance programme covers Orion180’s growing admitted and surplus lines and is backed by a global panel of 41 highly rated ... Read the full article
Reinsurance pricing down 22.8% across Gallagher Re’s portfolio at June Florida renewal
17th June 2026
Reinsurance pricing declined by an average of 22.8% across Gallagher Re’s portfolio at the June 2026 Florida renewal, reflecting a sharp softening driven by abundant capacity, improved terms and conditions, and the continuing impact of 2022 legislative reforms, according to Adam Schwebach, the firm’s Head of North American Property. Providing an ... Read the full article
Hippo hails 2026 reinsurance overhaul as ‘structural evolution’ in move to enterprise-wide cat program
16th June 2026
Hippo Holdings Inc. has completed the placement of its 2026 reinsurance program, effective June 1, 2026, securing meaningful protection, improving capital efficiency and introducing new features, including a whole-account quota share that enhances flexibility, with the firm describing the renewal as a “significant structural evolution”. Hippo, a technology-native insurance group that ... Read the full article
New Zealand’s NHC secures record NZ$12.3bn reinsurance programme
12th June 2026
For 2026, the Natural Hazards Commission Toka Tū Ake (NHC) has secured a record NZ$12.3 billion in reinsurance protection, which is a 20%, or $2.1 billion increase from last year's NZ$10.3 billion programme. The cover will provide substantial financial protection for New Zealand homeowners in the event of a major natural ... Read the full article
Slide Insurance lifts total aggregate reinsurance limit 65%
4th June 2026
Slide Insurance Holdings, Inc., the technology-enabled insurer, has completed its 2026-2027 catastrophe excess of loss reinsurance tower, securing a record total aggregate reinsurance limit of $5.463 billion. This represents a significant 65% increase from the $3.304 billion secured last year. As part of this expansion, the carrier significantly boosted its first-event ... Read the full article
CEA’s risk transfer reaches $8.2bn driven by increase in traditional reinsurance
4th June 2026
The California Earthquake Authority (CEA) has increased its total risk transfer limit from $7.912 billion at year-end 2025 to $8.214 billion as of 30th April 2026, driven solely by an increase in traditional reinsurance limit from $5.037 billion to approximately $5.34 billion during the first four months of 2026. As ... Read the full article
Property cat ROL declines accelerate at June 1 reinsurance renewal: Howden Re
1st June 2026
Reinsurance broker Howden Re reports that on a weighted-average basis, risk-adjusted property catastrophe rates decreased by up to 25% at the June 1 reinsurance renewal, an acceleration from the -14.7% and -16% declines the firm recorded at the January and April renewal periods, respectively. Howden Re's risk-adjusted property catastrophe reinsurance rate-on-line ... Read the full article
American Integrity boosts cat XoL limit to $2.99bn amid softer reinsurance pricing and improved Florida conditions
1st June 2026
Tampa-based property and casualty insurance holding company American Integrity Insurance Group has fully placed its 2026–2027 indemnity-based catastrophe excess of loss reinsurance programme for its insurance subsidiary, American Integrity Insurance Company (AIIC), effective June 1, 2026. The firm described market conditions at the June 1 renewal as favourable, supported by a ... Read the full article
Palomar’s earthquake reinsurance limit up to $3.92bn after June renewal
29th May 2026
Palomar Holdings, Inc., a US-based specialty insurance company focused on property and casualty coverage, has successfully completed its June 1st reinsurance placement, securing approximately $421 million of incremental limit to support the growth of its earthquake franchise. The company’s reinsurance coverage now extends to $3.92 billion for earthquake events and $135 ... Read the full article
Universal adds $352m of multi-year coverage for 2026–2027 reinsurance program
29th May 2026
Universal Insurance has announced the completion of the combined 2026–2027 reinsurance program for its wholly owned insurance company subsidiaries, effective June 1, 2026. Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty Insurance Company (APPCIC), the two subsidiaries, set the top of the combined reinsurance tower for ... Read the full article
Legal reforms and disciplined underwriting combine to restore confidence in Florida’s property market: Guy Carpenter
28th May 2026
A new report from Guy Carpenter, a business of Marsh, found that legal reforms, stronger building resilience and disciplined underwriting have helped restore capital and confidence in Florida’s property market, with risk-adjusted property catastrophe pricing at the June renewals generally down 15%–20% across many layers and Florida clients securing more ... Read the full article
American Coastal renews core cat reinsurance programme with $1.918bn coverage
21st May 2026
Florida-based American Coastal Insurance Corp. (ACIC) has renewed its core catastrophe reinsurance programme (Core CAT) for 2026/27, purchasing approximately $1.918 billion of occurrence-based limit in the aggregate, an increase of $241.5 million, or 14.4% from the previous year. For the renewed Core CAT programme, facilitated through its insurance subsidiary AmCoastal, ... Read the full article
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