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.

Reinsurance returns need to fall further for prices to rise: RBC analysts

9th January 2017

Reinsurance industry returns need to fall to as low as 5% above the risk free rate before there is any significant stimulus to cause pricing to move materially upwards, according to analysts at RBC Capital Markets. Reinsurance pricing has been softening for almost five years now, with further declines in rates ... Read the full article

Reinsurance price declines moderated at 1/1 2017 renewals: Guy Carpenter

5th January 2017

Reinsurance price declines moderated at the key January 1st 2017 renewals when compared with the previous three renewal seasons, across the majority of business lines and geographies, according to reinsurance broker Guy Carpenter. The global reinsurance sector remains under significant pressure from a series of headwinds, underlined by a continuation of ... Read the full article

Energy reinsurance cedents continue to improve renewals: JLT

5th January 2017

Ceding insurers in the energy insurance market have continued to make advances in improving their reinsurance program coverage at the recent January 2017 renewals, as the market remained one favoring buyers. "Chronic overcapacity" continues to affect the energy insurance and reinsurance market, according to the latest update from Lloyd & Partners, ... Read the full article

International Group cites “favourable” marine reinsurance market renewal

15th December 2016

The International Group of Protection & Indemnity Clubs cited the "current favourable state" of the marine reinsurance market at its latest renewal for the 2017/18, saying that has taken opportunity of pricing conditions to save itself money on premiums paid. The International Group said that arrangements for the renewal of its ... Read the full article