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.
CEA’s total reinsurance limit rose to $7.912bn at year-end 2025
16th March 2026
The California Earthquake Authority’s (CEA) total traditional reinsurance limit amounted to $5.037 billion at the end of 2025, which combined with in-force protection from catastrophe bonds of $2.875 billion, saw the entity's total risk transfer limit rise to $7.912 billion from around $7.67 billion at the end of September. In recent ... Read the full article
Escalating Middle East conflict may trigger risk repricing in reinsurance: AM Best
16th March 2026
A new AM Best report has warned that if the ongoing Middle East conflict continues or escalates, reinsurers may need to reassess their risk exposure, with renewals becoming a critical inflection point for the sector in regional markets. According to the rating agency, this could lead to higher pricing on commercial risks, ... Read the full article
Liberty Mutual places $2.75bn property cat occurrence tower, raises aggregate attachment
6th March 2026
Global insurer Liberty Mutual Group renewed its property catastrophe reinsurance programme at the January 1st, 2026, renewals, securing $2.75 billion of occurrence limit excess a $1 billion retention, alongside $500 million of tail aggregate cover and $100 million of aggregate protection "closer to income-volatility protection." For 2026, the retention for the ... Read the full article
Lancashire ‘very pleased’ with outcome of Jan 1 reinsurance renewals: CUO Gregory
5th March 2026
Bermuda-based insurer and reinsurer, Lancashire Insurance Holdings, is "very pleased" with the outcome of its inwards and outwards reinsurance renewals at January 1, 2026, as the firm took advantage of the opportunity to tailor better structured products to help manage its earnings volatility in this phase of the cycle, said ... Read the full article
Aerospace reinsurance renewals more benign than expected despite claims pressure: WTW
5th March 2026
At the end of 2025, aerospace reinsurance underwriters were expected to impose tougher renewals as they struggled under the weight of significant claims, however, direct insurers were able to negotiate relatively benign renewals at the start of 2026, according to WTW. In its recent Aerospace Insurance Market Renewal Outlook, WTW noted ... Read the full article
Pool Re finalises renewal of £2.75bn retrocession placement
5th March 2026
Britain’s government-backed terrorism reinsurer, Pool Re, has completed the placement of its 2026 retrocession placement, securing £2.75 billion of aggregate excess of loss cover, including new cover for non-damage business interruption (NDBI). In terms of the size, the £2.75 billion of retro reinsurance protection secured through this 36 month placement is ... Read the full article
Despite some taking more risk, Swiss Re’s ‘share of wallet didn’t reduce’ at Jan renewal: CEO Berger
27th February 2026
Although some large buyers of reinsurance decided to take more risk at the January 1st renewal season, global reinsurer Swiss Re's share of wallet in the market didn't reduce as buyers still need lead reinsurance partners, according to Andreas Berger, Group Chief Executive Officer (CEO) at Swiss Re, one of ... Read the full article
Plenty of opportunities in still attractive reinsurance market: Munich Re CEO
26th February 2026
Munich Re, one of Europe's big four reinsurance companies, targeted portfolio optimisation and selective growth at the January 1st, 2026, renewals, shrinking its book by 7.8% year-on-year, but despite the softening environment, the reinsurer's Chief Executive Officer (CEO), Christoph Jurecka, still sees ample opportunity for growth. This morning, Munich Re ... Read the full article
Munich Re’s net result exceeds target in 2025 at over €6.1bn
26th February 2026
Global reinsurer Munich Re's net result came in above target at €6.121 billion for the 2025 financial year, with a contribution of €5.204 billion from the reinsurance business following a strong performance in property and casualty (P&C) and life and health (L&H) during the year. 2025 was the fifth consecutive year ... Read the full article
Hiscox Re gains underwriting edge through blending external and internal data with tech: CUO
25th February 2026
Joanne Musselle, Group Chief Underwriting Officer (CUO) of specialist insurer Hiscox, said earlier today that the company's underwriting edge in reinsurance is driven by a combination of factors. After releasing a strong set of results for 2025, including a robust performance at Hiscox Re, the firm's reinsurance business and third-party ... Read the full article
Skuld reports successful outcome for 2026/27 mutual P&I renewal
24th February 2026
Marine insurance provider Skuld has reported a successful and robust outcome for the 2026/27 mutual P&I renewal, reflecting disciplined underwriting, firm market positioning, and continued support both from existing and new members. Skuld owners’ mutual P&I book of business grew to 128 million gross tonnage (GT), representing a 6% increase in ... Read the full article
QBE sees ‘strong & sustainable’ outcome at Jan 1 as retentions fall again
20th February 2026
Alongside its full-year 2025 results, QBE has also provided an update on its January 1, 2026, reinsurance renewal, where it secured a further reduction in retentions on its main catastrophe reinsurance tower amid favourable market conditions. QBE CFO Chris Killourhy said his firm delivered another strong and sustainable reinsurance outcome at ... Read the full article
Zurich renews aggregate treaty, cites overall favourable pricing & stable conditions
19th February 2026
Insurer Zurich renewed its global aggregate catastrophe treaty at January 1st with an uplift in capacity, and also added cyber coverage to its global top catastrophe excess of loss treaty, and secured a higher retention for its Europe all perils reinsurance tower. Alongside its results for 2025, global insurer Zurich ... Read the full article
Suncorp weighs additional reinsurance protection amid favourable conditions
18th February 2026
With natural hazard costs rising sharply to AU$1.319 billion in H1 2026, Suncorp executives have indicated the group may revisit its use of additional protections, including the potential purchase of a new aggregate reinsurance treaty, amid increasingly favourable conditions in the softening reinsurance market. Alongside the group’s H1 2026 results ... Read the full article
Capital management, portfolio quality prioritised over growth, says Conduit Re CEO
18th February 2026
Conduit Re, a Bermuda-based global reinsurance company, has grown its top-line from nought to more than $1.2 billion in the five years since its inception, and while very robust, Chief Executive Officer (CEO) Neil Eckert told Reinsurance News that the emphasis is on capital management and portfolio quality rather than ... Read the full article
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