Reinsurance renewals news

Australian insurance giant Suncorp has extended the top of its main catastrophe tower slightly to $6.4 billion at the mid-year 2026 reinsurance renewals, while maintaining its retention and now having the benefit of the aggregate reinsurance arrangement it purchased earlier in the year to minimise exposure to frequency loss events.

Even as spreads have compressed by roughly one-fifth and expected returns have fallen, Tom Wakefield, CEO of reinsurance broker Gallagher Re has said there is no sign of investor appetite retreating at this time.

Reinsurance capital reached a record high of $790 billion by the end of Q1 2026, but it was alternative or third-party reinsurance capital, so that deployed through insurance-linked securities and related collateralized structures, which was the sole driver of growth as it reached $141 billion, rising 4% from the end of the year, according to […]

Kingstone Companies, the New York and northeast US focused insurance group, has grown its catastrophe reinsurance limit again to secure a $500 million tower for 2026, while adding wildfire coverage for the first time and reporting that the risk-adjusted cost fell by more than 15%.

The appetite of reinsurance capital to deploy has brought around a moment for creativity, broker Gallagher Re has said. Demand for reinsurance opportunities outstripped demand for protection at the July renewals, resulting in softening prices and North American property catastrophe rates tumbling 20% to 25% or more in some cases.

At the July 1st 2026 reinsurance renewals property catastrophe excess of loss programmes in Latin America (LatAm) saw rate reductions fall in the range of 15% to 20%, while parametric products gained significant traction across the market, reports broker Howden Re.

Kin, the direct-to-consumer insurtech, has announced that its three reciprocal exchanges completed their reinsurance programmes at the June 1st 2026 renewal, securing more than $1.9 billion of coverage for natural catastrophe events, and 25% below what was paid at the 2025 renewal last year per dollar of risk protection.

Reinsurance broker Guy Carpenter has updated its Global Property Catastrophe Rate-On-Line Index, and the latest data shows that average risk-adjusted decreases have deepened since January 1st, with property catastrophe reinsurance rate on-line (ROL) now down globally by around 16% in 2026, the steepest fall of any year since the late 1990’s.

At the July 1st 2026 reinsurance renewals loss free business in Australia and New Zealand saw rate reductions of between 10% and 15%, as sharpened reinsurer focus and more active overseas capacity softened the market, according to broker Howden Re.

Guy Carpenter, the global reinsurance broking firm, has reported that a combination of abundant capacity and a growing appetite from reinsurers has kept the competitive pricing environment intact at the mid-year renewals, while also highlighting that current market conditions are encouraging buyers to explore alternative options such as parametric solutions and sidecars to complement traditional […]