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.
RLI trims cat reinsurance by $150m at Jan renewal in ‘buyer’s market’
23rd January 2026
RLI Insurance Company reduced its catastrophe reinsurance limit by $150 million for 2026 at the January renewals, citing lower exposure and continued soft conditions, which it described as a “buyer’s market” for property. Jen Klobnak, Chief Operating Officer of RLI Corp., said the firm renewed roughly two-thirds of its annual reinsurance ... Read the full article
The market is softening but could ‘turn on a knife edge’: Turk, Lloyd’s
23rd January 2026
Rachel Turk, Chief of Market Performance at Lloyd’s of London, classifies the current reinsurance market as one that is softening, but not soft, noting that it is on a knife edge and could reverse following a major loss event. Speaking at Fitch Ratings’ Insurance Insights 2026 event on 22nd January in ... Read the full article
There’s a fair & healthy balance between supply and demand: Guidée, AXA XL Re
23rd January 2026
Renaud Guidée, Chief Executive Officer (CEO) of property and casualty reinsurer AXA XL Reinsurance, has said that in the current reinsurance market environment, which he describes as a "fair and healthy balance" between supply and demand, is the time when you can make a difference. Yesterday, Guidée discussed current market dynamics ... Read the full article
Ageas Re’s in-force book rises to €435m after successful Jan 1 renewal
22nd January 2026
Ageas Re, the reinsurance division of international insurance group Ageas, achieved growth in its non-catastrophe segment at the January 1st, 2026, renewals, while catastrophe remained stable, as total business written for this renewal increased by 21% when compared to the 1.1 2025 renewal. On January 1st, 2026, Ageas Re's in-force book, ... Read the full article
Travelers ‘meaningfully’ improved reinsurance coverage & renewed Fidelis QS at 1.1: CFO Frey
21st January 2026
Large US insurer Travelers was able to "meaningfully improve" its reinsurance coverage at the key January 1st, 2026, renewals, thanks in part to more favourable pricing, while the company also renewed its 20% quota share (QS) with Fidelis, Chief Financial Officer (CFO), Dan Frey, said recently. Earlier today, Travelers reported ... Read the full article
Travelers renews cat XoL reinsurance with reduced retention and new $1bn lower layer
21st January 2026
Travelers has unveiled its renewed catastrophe excess-of-loss (XoL) reinsurance program for 2026, featuring a significant reduction in retention and the addition of a new lower layer. The 2026 program attaches at a $3 billion retention level, which marks a decrease from the $4 billion threshold in 2025. This change lowers Travelers' ... Read the full article
Cyber reinsurance buyers benefit from favourable supply dynamics at 1/1: Howden Re
19th January 2026
According to global reinsurance broker Howden Re, buyers of cyber reinsurance benefitted from favourable supply dynamics at the January 1st, 2026, renewals, supported by strong competition and a manageable loss environment. Although there were several high-profile attacks on individual insureds and a number of systemic events, financial impacts were not material ... Read the full article
US Property cat price declines greater than expected at Jan renewals: Gallagher Re
16th January 2026
Reinsurance broker Gallagher Re has shared its expert commentary on property lines in the United States at the January 1, 2026, renewals, highlighting that “pricing declines for property cat were greater than expected on average.” According to Gallagher Re’s ‘First View: Options and Opportunities’ report, a surge in available capacity and ... Read the full article
Surviving a softening market with smarter, automated renewals: DXC Technology’s Mahon
16th January 2026
James Mahon, Reinsurance Pre-Sales Lead at DXC Technology, emphasised that in an increasingly complex and softening market, re/insurers must rethink their renewal strategy and invest in automated renewal management rather than relying on manual, people-dependent processes. In an interview with Reinsurance News, Mahon noted that recent market conditions have made the ... Read the full article
Global property cat rate declines below consensus at 1.1 renewals: Jefferies
14th January 2026
The reinsurance investor community were bracing for average reinsurance rates for Global Property Catastrophe Reinsurance to drop between -15% and -20% at the January 1st renewals, a more pessimistic result to the estimated -12% to -15% reported by broking groups, according to a recent report by Jefferies. This downturn in pricing ... Read the full article
Geopolitical volatility keeps war and SRCC risks in sharp focus: Howden
12th January 2026
As the reinsurance market enters January 2026, it faces a landscape still shaped by geopolitical volatility and ongoing structural shifts. Following a year that reinforced political risk as a persistent factor, exposures linked to political violence, strikes, riots, civil commotion (SRCC), and broader war-related events remain central to market considerations, ... Read the full article
Aon observed increased capacity and strong reinsurance demand at casualty renewals
9th January 2026
According to global insurance and reinsurance broking group Aon’s latest renewal report, conditions in the casualty reinsurance market at January 1st, 2026, renewals were relatively favourable, shaped by increased capacity and strong overall reinsurance demand. Aon noted that rising capacity and strong appetite from both existing reinsurers and new market entrants ... Read the full article
Re/insurance cycle set for gentler multi-year easing after January drop: KBW
9th January 2026
Top re/insurance executives have told KBW that the pricing cycle looks steeper because sharp 2023 rate hikes left more room for cuts, while a long-term pattern of higher highs and higher lows reflects stronger risk awareness among buyers and sellers and suggests a few more years of easing rates, albeit ... Read the full article
Jan 1 renewal points to weaker but still strong reinsurer profitability in 2026, says Fitch
8th January 2026
Record levels of reinsurance capital supply from traditional and alternative sources outpaced incremental demand from buyers at the January 1st, 2026, renewals, and as pricing "reverted broadly to 2022 levels", analysts at Fitch Ratings expect global reinsurers' profitability to decline but remain strong in 2026. Reinsurance broker reports revealed further price ... Read the full article
American Coastal renews AOP catastrophe cover, lifts per-occurrence limit to $95.6m
8th January 2026
Florida-based American Coastal Insurance Corporation (ACIC) has renewed its all other perils catastrophe excess of loss agreement (AOP CAT agreement) for 2026, providing up to $95.6 million of occurrence limit excess of the $10 million attachment point to limit ACIC's losses from catastrophe loss events other than named windstorms and ... 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.
