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.
Zurich reveals cat reinsurance towers, separates US peak perils protection
6th August 2026
Large European insurer Zurich has disclosed its catastrophe reinsurance towers after the mid-year renewals, which for the first time breaks out its US peak perils protection, and reveals slight adjustments to its US all perils and Europe all perils arrangements. As we reported previously, Zurich recently secured a $1 billion ... Read the full article
Net cost of TWIA’s finalised $2.28bn reinsurance programme well under budget
4th August 2026
The Texas Windstorm Insurance Association (TWIA) has completed its 2026 risk transfer programme, securing $2.28 billion in reinsurance coverage at a net cost almost $26 million under budget, with total funding for this year's Atlantic hurricane season standing at $4.305 billion. After the TWIA Board adopted a $4.3 billion 1-in-50 ... Read the full article
Ageas Re continued to grow its 3rd Party Business in 2026 despite deteriorating market conditions
27th July 2026
Ageas Re, the reinsurance division of international insurance group Ageas, delivered strong growth in 3rd Party Business during its January-July 2026 renewal campaign, driven by increased shares on selected programmes and substantial new business generation. During the period, the reinsurer continued to grow its 3rd Party Business portfolio and also further ... Read the full article
Effects of a softening reinsurance market becoming increasingly visible, says Autonomous
22nd July 2026
The effects of a softening reinsurance market are becoming more evident, according to investment research firm Autonomous, which says sustained pricing declines are beginning to weigh on revenue growth and are expected to put greater pressure on underwriting performance over time. In its latest report, Autonomous said the final major renewal ... Read the full article
Travelers forgoes personal XOL treaty renewal following Jan enterprise reinsurance restructuring
20th July 2026
Dan Frey, Chief Financial Officer at Travelers, said the firm opted not to renew its Personal Insurance Catastrophe Excess-of-Loss (XOL) Reinsurance Treaty at July 1, as its enhanced enterprise-wide catastrophe reinsurance program, secured at January 1, offered a "more attractive way" to obtain the desired reinsurance protection. "On July 1, we ... Read the full article
Travelers renews Northeast property cat XoL on unchanged terms, drops Personal Insurance treaty at July 1
17th July 2026
US primary insurer Travelers' Northeast Property Catastrophe Excess-of-Loss Reinsurance Treaty renewal at July 1st 2026 is unchanged from the prior year in terms of coverage and retention, while the carrier decided not to renew its Personal Insurance Catastrophe Excess-of-Loss Reinsurance Treaty, and secured more reinsurance from the capital markets. For 2026-2027, ... Read the full article
Cedents increasingly seek reinsurers with access to multiple capital sources: Guy Carpenter’s Paretchan
15th July 2026
The growth of alternative capital is giving buyers more flexibility to build diversified reinsurance programmes, with cedents increasingly seeking partners able to access both traditional and alternative sources of capacity, Guy Carpenter’s Jennifer Paretchan recently told Reinsurance News. Speaking following the release of the firm’s July 2026 reinsurance renewal report, Paretchan ... Read the full article
Mid-year 2026 casualty reinsurance demand flat as favourable pricing conditions persist: Aon
6th July 2026
Aon, a global professional services firm providing risk, retirement and health solutions as well as reinsurance brokerage and advisory services, reports in its Reinsurance Market Dynamics Report for the mid-year 2026 renewals that casualty reinsurance demand remained broadly flat, while pricing conditions stayed favourable across both US and international markets ... Read the full article
Suncorp lifts main cat reinsurance cover for FY27
3rd July 2026
Australian insurer Suncorp has completed its core 2027 reinsurance renewal, securing catastrophe cover for losses between $500 million and $6.4 billion, alongside its previously announced 5-year aggregate reinsurance arrangement, which provides $800 million of protection annually, and up to $2.4 billion in total over the period. Despite continued catastrophe reinsurance ... Read the full article
Florida insurers secure additional $5-$7bn reinsurance coverage at mid-year renewals: Aon
2nd July 2026
Florida’s insurers entered mid-year renewals from a position of strength, securing an additional $5-$7 billion of reinsurance coverage as ample supply was more than adequate to meet increased demand, according to Aon's recent Reinsurance Market Dynamics report. In addition to a stronger balance sheet, Florida insurers began the mid-year renewals with ... Read the full article
Property cat market softening persists in Australia and New Zealand at July 1: Gallagher Re
2nd July 2026
The property catastrophe reinsurance market in Australia and New Zealand continued to soften at the "relatively late" 1 July renewals, according to Gallagher Re's First View, A Moment for Creativity – July 2026 Renewal Report. Gallagher Re, the reinsurance broking and advisory business of Arthur J. Gallagher, says abundant capacity, subdued ... Read the full article
Record $790bn reinsurance capital underpins softer mid-year renewals: Aon
1st July 2026
Global professional services firm Aon has revealed that insurers secured double-digit pricing reductions and improved terms and conditions on their property catastrophe reinsurance placements during the June 1 and July 1, 2026, renewals, as record levels of reinsurance capital created greater flexibility for cedants seeking more tailored reinsurance solutions. According to ... Read the full article
Kingstone lifts cat XoL reinsurance limit to $500m with 15%+ cost reduction
1st July 2026
Kingstone Companies, Inc., a regional property and casualty insurance holding company, managed to cut the cost of its core catastrophe excess of loss (XoL) reinsurance coverage by over 15% for 2026/2027, despite purchasing more limit, improving terms, and adding the wildfire peril to its programme. Mid-year reinsurance renewal reports and commentary ... Read the full article
Reinsurers more flexible on structures and price at July 1 renewals, says Gallagher Re
1st July 2026
Property catastrophe reinsurance rates fell by 20% to 25% or more for the best performing accounts in North America at the July 1 renewals, with similar trends seen across other regions, as sellers exhibited greater flexibility on price and notably structures, reports Gallagher Re, the global reinsurance broker. Gallagher Re's July ... Read the full article
Lemonade reduces quota share cession to 18%, expands cat protection at July 1 reinsurance renewal
30th June 2026
Lemonade, the digital insurance company powered by AI and social impact, opted to reduce its quota share cession to approximately 18% from 20% at its July 1 reinsurance renewal, meaning the carrier will retain a greater share of its expanding gross profit. Alongside the lower quota share cession for the 2026-2027 ... Read the full article
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