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.
Everest outmanoeuvred property cat market at Jan 1, rates still above required technical price: CEO Williamson
5th February 2026
Jim Williamson, President and Chief Executive Officer (CEO) of Everest Group, has praised the excellent job of the firm's reinsurance team in navigating a more challenging market at the January 1st renewals, while also stating that the reinsurer outmanoeuvred the property catastrophe market with average rate declines of 10% globally. Everest ... Read the full article
1.1 North American Surety renewals characterised by orderly market dynamics: Gallagher Re
5th February 2026
The January 1, 2026, North American Surety renewals proceeded in an orderly manner, marked by renewed appetite from incumbents and the emergence of new market players, according to Gallagher Re. Despite lingering economic uncertainties, the market remained profitable through 2025. This stability allowed cedants to optimise their programs, provided they maintain ... Read the full article
Supply / demand dynamics to persist in property cat, but there’s strong rate adequacy in mid-year renewals: RenRe
5th February 2026
Bermuda-based reinsurance company, RenaissanceRe (RenRe), expects the supply demand dynamics in property catastrophe that played out at the January 1st renewals to persist into the mid-year renewals, but believes that the robustness of rate adequacy will produce a similar outcome to what the firm achieved at 1.1 2026, according to ... Read the full article
Hannover Re reports 3.3% rise in Jan 1 P&C reinsurance premiums
5th February 2026
Hannover Re reported that its total renewed premium volume in traditional property and casualty reinsurance increased by 3.3% to €10.535 billion at the January 1, 2026 renewals, despite a highly competitive market environment. The reinsurer noted that the growth was supported by its strong market position and long-standing, partnership-driven client relationships. According ... Read the full article
Cedents looked to reduce reinsurer panels at 1.1: SCOR’s Conoscente
4th February 2026
Large European and some global insurers took advantage of reinsurance market dynamics to reduce the number of reinsurers in their core panels at the January 1, 2026, renewals, according to Jean-Paul Conoscente, P&C CEO of French reinsurer SCOR. Speaking during SCOR’s 1.1 2026 P&C renewal call, Conoscente said cedents are seeking ... Read the full article
SCOR reports selective portfolio growth in ‘competitive’ Jan 1 pricing environment
4th February 2026
French reinsurer SCOR has disclosed its January 2026 Property & Casualty (P&C) reinsurance renewal results, reporting selective portfolio growth in a competitive pricing environment, with overall estimated gross premium income (EGPI) from traditional reinsurance rising 4.7% to €4.493 billion, complemented by an 80.5% increase in Alternative Solutions to €1.185 ... Read the full article
WTW ‘very happy’ with Willis Re’s participation at Jan renewals and trajectory of build-out: Krasner, CFO
3rd February 2026
Andrew Krasner, Chief Financial Officer (CFO) and Co-head of Corporate Development at global insurance broker WTW, revealed today that the firm is happy with Willis Re's participation at the recent January 2026 renewals. After completing the sale of the treaty reinsurance operations of Willis Re to Arthur J. Gallagher & ... Read the full article
Interesting to see what happens to demand amid surge in non-traditional lines: Flandro, Howden Re
2nd February 2026
David Flandro, Managing Director, Head of Industry Analysis and Strategic Advisory at reinsurance broker Howden Re, said the firm expects non-traditional lines to outpace the broader P&C market through 2030, and will be closely monitoring what happens to reinsurance demand. In a recent video interview, ... Read the full article
Buyers’ market to persist through 2026, some to seek additional reinsurance: Gallagher
30th January 2026
A buyers' market is anticipated to continue throughout this year, and while some carriers are satisfied with the reinsurance programmes they secured during the January 1 renewal season, others are expected to look for additional protection later in 2026, J. Patrick Gallagher, Jr., Chairman and CEO of Gallagher, predicts. Following a ... Read the full article
Gallagher Re sees 32% drop in cyber aggregate XOL rates amid oversupply
30th January 2026
Global reinsurance broking and advisory firm Gallagher Re has observed that an oversupply of capacity resulted in a cyber aggregate excess of loss (XOL) risk-adjusted rate (RAR) change of -32% at 1.1.2026. The data comes from the latest edition of the firm’s Cyber Rate Index, an updated version of the Cyber ... Read the full article
Property cat rates an obvious headwind for Guy Carpenter but there’s ample growth areas: Klisura, Doyle
29th January 2026
As parts of the reinsurance market, notably property catastrophe, saw prices soften further at the 1.1 2026 renewals, and with this trend expected to persist for subsequent 2026 renewals, reinsurance broker Guy Carpenter will have headwinds, but management also sees ample opportunity for growth in the months ahead. Guy Carpenter, ... Read the full article
Plenty of opportunity for underwriters to achieve profitable growth: Flandro, Howden Re
28th January 2026
As geopolitical and macroeconomic trends reshape an increasingly risky world, and reinsurance pricing comes off of its peak in numerous lines of business, there's a clear need for rationality, with plenty of opportunity for underwriters to continue to achieve profitable growth, according to David Flandro of Howden Re. Read the full article
SI Re completes Jan renewal with premium volume on par with record 2025
28th January 2026
Swiss reinsurer SIGNAL IDUNA Reinsurance Ltd (SI Re) has completed its January 2026 renewal, achieving results roughly in line with last year’s record €222 million in a market the company described as having ample capacity, softening rates, and consistently oversubscribed reinsurance programs. “Our performance highlights our ability to renew a strong ... Read the full article
Reinsurance prices came in lower than expected at 1.1 renewals, says Moody’s Ratings
28th January 2026
California wildfire losses at the start of last year failed to drive sufficient support for reinsurance pricing at the recent January 1st, 2026, renewals, while a benign Atlantic hurricane season in 2025 also contributed to property catastrophe prices coming in "a bit lower" than expected, according to Moody's Ratings. Globally, insured ... Read the full article
W. R. Berkley CEO sees early signs of property cat competitiveness spilling into casualty
27th January 2026
William Robert Berkley, President, CEO & Director of W. R. Berkley Corporation, said that he is seeing early signs that competitiveness in the property catastrophe reinsurance market is spilling over into casualty, driven by participants struggling to reach their premium targets on the property front and therefore leaning into casualty ... 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.
