Reinsurance renewals news

A new report from reinsurance broker Howden Re suggests that as natural catastrophe losses continue to rise and pricing tailwinds continue to fade, current reinsurance market conditions present a critical opportunity to reassess protection and get ahead of the next phase of the cycle.

Ernie Garateix, CEO of Heritage Insurance Holdings, Inc., the nationally expansive, Florida headquartered property and casualty insurer, anticipates the June reinsurance renewals offering his company a chance to secure incremental capacity and improved pricing.

Speaking today, Hannover Re’s Sven Althoff explained that softening trends seen in property catastrophe reinsurance are expected to continue through 2026, while he also said that the ongoing conflict in the Middle East could have ramifications for certain specialty lines the reinsurance firm underwrites.

At the January 2026 reinsurance renewals, Fidelis Insurance Group added further efficiency to its aggregate protection for the year, in a renewal that saw meaningful rate reductions of around 20% for the company, according to Jonny Strickle, Group Managing Director of Fidelis Insurance Group.

The California Earthquake Authority’s (CEA) reinsurance program grew slightly to include limit of $7.912 billion at the end of 2025, while the catastrophe bond market was providing its largest share of the risk transfer tower ever, at 36% of total limit.

US primary property and casualty insurer The Hartford clearly sees the catastrophe bond market as a valuable source of efficient protection, that over the last few years has helped the company meaningfully raise the top of its occurrence catastrophe reinsurance tower.

RenaissanceRe is pushing back against the idea that the January 1, 2026 renewals mark a return to pre‑hard‑market softness in property catastrophe. While prices fell at 1/1, executives from the firm stressed that the structural changes of the last two years, higher retentions and tighter terms & conditions, have been preserved, which ultimately supports risk […]

At the January reinsurance renewals SCOR grew its North America catastrophe risk book, seeing pricing as still attractive and also expecting other opportunities to deploy more capacity there this year, while the reinsurer also expanded its Risk Partnerships business where third-party capital partners participate.

Liberty Mutual, the insurance and reinsurance group, has disclosed that its aggregate reinsurance protection has been lifted higher up the tower for 2026, with the $500 million of limit set to attach excess of $3.15 billion this year, while on the occurrence limit side it appears one of the Mystic Re catastrophe bonds has been […]

Bermuda-based insurance and reinsurance firm Lancashire Insurance Holdings is very pleased with the outcome of its outwards reinsurance at the January 1, 2026 renewals, with the firm’s Chief Underwriting Officer (CUO) Paul Gregory particularly highlighting a strategic reduction in the firm’s aggregate attachment point.