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.
2026 renewal sees sharpest decline in risk-adjusted global property rates since 2014: Howden
2nd January 2026
Howden's January 1 2026 reinsurance renewal report has revealed that risk-adjusted global property-catastrophe reinsurance rates-on-line decreased by an average of 14.7%, accelerating from an 8% fall in 2025 and marking the largest year-on-year reduction since 2014. According to the report, most areas of the market recorded price decreases at the January ... Read the full article
Property cat rates down 10-20% at 1.1 with buyers focused on “down pricing”, says Gallagher Re
2nd January 2026
Risk-adjusted property catastrophe pricing reduced by 10% to 20% on average at the January 1st, 2026, reinsurance renewals, with many buyers focused on "down pricing" rather than "up risking", according to reinsurance broker Gallagher Re's latest 1st View report. The report highlights greater availability of reinsurance capacity, which created more choice, ... Read the full article
Global property cat ROL down 12% at Jan 1 reinsurance renewals: Guy Carpenter
30th December 2025
Reinsurance broker Guy Carpenter's Global Property Catastrophe Rate on Line (ROL) Index was down 12% at the January 1st 2026 renewals, with per risk placements flat to down 15% depending on region. In its January 1, 2026 Reinsurance Renewal Report, Guy Carpenter said reinsurers continue to benefit from high attachment ... Read the full article
Buyers benefited from favourable dynamics at Jan 1 reinsurance renewals: Aon
29th December 2025
Global insurance and reinsurance broking group Aon reports that competition among reinsurance companies was particularly strong in the US, as buyers of protection took advantage of favourable 1.1 renewal dynamics. Aon will release its full Reinsurance Market Dynamics January 2026 Renewal report next week, but in the meantime, the broker has ... Read the full article
Dedicated reinsurance capital to reach $660bn in 2025: Guy Carpenter
29th December 2025
According to Guy Carpenter's January 2026 renewal report, dedicated reinsurance capital is projected to rise by around 9% in 2025, reaching $660 billion, driven by a 10% increase in alternative capital. Dean Klisura, Guy Carpenter’s President and CEO, explained that this capital growth is supported by underwriting profits, retained earnings, recovering ... Read the full article
Accelerated softening across many lines at Jan 1 renewals as reinsurer capital grows: Guy Carpenter
29th December 2025
A recent report by Marsh McLennan's reinsurance broking arm, Guy Carpenter, reveals that expanded reinsurance capacity available at the key January 1, 2026, reinsurance renewals, accelerated softening of pricing across many lines of business. Ahead of the crucial 1.1 renewal season, there's been ample discussion around rate movements. According to Guy ... Read the full article
KBW expects property cat reinsurance rates to decline 15-20% at 1/1
22nd December 2025
Analysts at KBW expect risk-adjusted property catastrophe reinsurance rates to decline by 15–20% during the January 2026 reinsurance renewals, with the relatively “late” season pointing to overall decreases approaching 20%. KBW stated that unchanging per-occurrence attachment points reflect generally sustained reinsurer discipline. Reinsurers broadly anticipate at least adequate catastrophe reinsurance results ... Read the full article
Long-term perspective to guide Everest through future cycles: Beggs
22nd December 2025
Everest's Jill Beggs has said that in 2026 her firm will continue to seize emerging opportunities while delivering strategically and economically sustainable outcomes, with its long-term, disciplined perspective having guided the company through past cycles and expected to do so in the years ahead. In a recent interview with Reinsurance News, ... Read the full article
Reinsurers must monitor for any T&Cs slippage amid late Jan 1 renewal: Brit’s Sullivan
19th December 2025
Amid a “very late” January 1 renewal this year, reinsurers need to remain vigilant and monitor for any terms and conditions (T&Cs) slippage, according to Jon Sullivan, Group CUO at Brit Insurance. As the market approaches the January 1 deadline, Sullivan describes the current renewal season as very late, noting that ... Read the full article
Late but orderly 1.1 renewal as rate decreases deepen to upper teens: KBW
18th December 2025
The January 1 reinsurance renewal season is running later than anticipated, characterised by a delay in Firm order term (FOT) issuance and very few contract signings to date, according to a new report from KBW analysts following their semi-annual Bermuda visit. Despite the sluggish pace, analysts describe the market as “orderly,” ... Read the full article
Underwriting discipline important amid challenging 1/1 renewal: Bueso, MAPFRE Re
18th December 2025
As the reinsurance industry approaches the January 1 renewal season, Carmen Bueso, Chief Underwriting Officer (CUO) Non-Life at Spanish reinsurer MAPFRE Re, notes that while the current market offers opportunities, the industry must avoid repeating past mistakes. Looking ahead to the upcoming renewal season, Bueso, in an interview with Reinsurance News, ... Read the full article
IG P&I tweaks GXL structure for 2026/27 as pool claims activity shifts
17th December 2025
The International Group of P&I Clubs (IG) has finalised its Pooling and Group Excess of Loss (GXL) reinsurance structure for the 2026/27 policy year, introducing two key changes as the environment shifts back toward higher levels of pool claims activity. "Following a relatively benign Pool claims environment for the 2022/23 and ... Read the full article
Property cat pricing to drift lower at Jan renewals but still attractive for reinsurers: Moody’s Ratings
17th December 2025
Moody's Ratings expects reinsurance supply and demand to favour buyers at the key January 1st, 2026, renewals, with pricing for property catastrophe reinsurance likely to fall in the range of 15%, with variations by both region and peril. After reaching highs in 2023 after the so-called reset, property catastrophe reinsurance pricing ... Read the full article
Jefferies flags further property pricing deterioration after mild hurricane season
17th December 2025
In a new report, Jefferies analysts have warned that risk-adjusted pricing is set to deteriorate further, with a benign hurricane season potentially triggering 10–15% declines. According to the analysts, property risk-adjusted rates turned negative at the 1/1/2025 renewals, with reinsurance brokers/carriers mostly citing mid-single-digit decreases worsening to ~5-10% at 2025 mid-year ... Read the full article
Swiss Re’s Amitabha Ray on tackling Asia’s protection gap and emerging risks in 2026
17th December 2025
In a recent Reinsurance News interview, Amitabha Ray, Chief Executive Officer of Swiss Re India branch, shared his insights on the evolving landscape for reinsurance in 2026, with a particular focus on the Indian and broader Asia Pacific markets. As the global reinsurance market looks toward 2026, resilience continues to define ... Read the full article
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