Reinsurance News

Improved pricing, greater competition, and a notable increase in capacity helped drive stronger retrocession and aggregate cover placements at the 2025 mid-year reinsurance renewals, according to broker Aon.

Reinsurance firm Munich Re has estimated that global insured losses from natural catastrophe events reached US $80 billion in the first-half of 2025, a figure some 95% above the 10-year average.

Equity analysts from Autonomous have said in a new report that reinsurance capital appears disciplined as it eases into a soft market environment that may prove different this time, with capacity still being deployed at very attractive rates.

The African Risk Capacity (ARC), a provider of parametric disaster insurance products to countries and other entities in Africa, has made a US $3,376,783 payout to benefit Malawi after the parametric drought cover was triggered during the 2024/2025 agricultural season.

Aon is seeing strong growth in uptake of parametric solutions among its corporate and commercial clients, unlocking new capital sources for them by bringing together its reinsurance and analytics capabilities, alongside capacity from both traditional and insurance-linked securities (ILS) markets, comments by CEO Greg Case show.

Catastrophe data aggregator PERILS has increased its insurance industry loss estimate for extratropical windstorm “Éowyn”, a storm that impacted the Republic of Ireland, Northern Ireland and the Central Belt of Scotland in early 2025, adding 7% to take the estimate to EUR 747 million.

Insurance industry losses from the wildfires that impacted the Municipality of Jasper and Jasper National Park in Alberta, Canada between July 22 and August 17, 2024 are estimated to have reached CAD $1.31 billion, according to CatIQ, Canada’s insured loss and exposure indices provider.

Broking giant Aon has reported that its organic revenue generated from insurance-linked securities (ILS) placements grew by double-digits in the second-quarter of 2025.

The executive leadership of Bermuda headquartered reinsurer RenaissanceRe have explained during an earnings call that the company has already recaptured most of the third-party reinsurance capital management fee income that had been deferred after the California wildfire loss activity experienced earlier in 2025.

Speaking during a second-quarter earnings call today, Kevin O’Donnell, CEO of Bermuda based underwriter and third-party reinsurance capital manager RenaissanceRe, said that he doesn’t see issues with capital wanting to enter the sector regardless of return.