Reinsurance renewals news and articles. Discussing the trajectory of reinsurance pricing and rates, as well as the flow of reinsurance capital at key market renewal seasons where many reinsurance programs are renewed and new reinsurance and retrocession capital and capacity is deployed.
The reinsurance cycle follows a number of key renewal seasons and the news and analysis below covers these important reinsurance market renewals.
The key reinsurance renewal periods are at January 1st, April 1st, June 1st and July 1st.
The January renewals have a particular focus on European programs, Asia Pacific (ex. Japan), casualty and specialty risks. The mid-year reinsurance renewals see a particular focus on U.S. property catastrophe reinsurance renewals, with Florida a particular focus in June. Japanese reinsurance program renewals are a major focus at April 1st.
The insurance and reinsurance market over-reacted in the fourth-quarter of 2022 and now with property pricing softening across the board, Aon’s Joe Peiser, Chief Executive Officer of Commercial Risk Solutions, has said the broker would characterise this soft market as a “pricing correction.”
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The expansion of catastrophe bond and insurance-linked securities (ILS) market activity in 2025 is driving higher earnings for bankers and brokers, with Aon reporting today that the third-quarter of 2025 saw its ILS business experiencing “significant growth” in revenue terms.
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Thierry Léger, CEO of global reinsurer SCOR, said this morning that it’s too early to tell whether property catastrophe reinsurance remains attractively priced at the end of year renewals, but his company is anticipating heightened competition in the market as capital build-up outstrips still-rising demand.
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During global re/insurer Everest Group’s Q3 2025 earnings call today, Jim Williamson, President and CEO of the firm, outlined that the property catastrophe reinsurance market is still a very favourable environment.
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In a recent report released by Goldman Sachs, analysts convey a distinct skepticism regarding the rational behaviour of the property catastrophe reinsurance market, emphasising that the structural conditions have not altered and that signs of undisciplined competition continue to exist, even in the absence of more favourable market dynamics.
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As the insurance-linked securities (ILS) space moves through the second half of 2025, a lighter period of catastrophe losses would still likely see hard-market discipline on structures and terms continue into the January renewals, according to Jean-Louis Monnier, Head of ILS at Swiss Re Capital Markets.
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The Texas Windstorm Insurance Association (TWIA) has made some progress in determining how much in reinsurance and catastrophe bonds it will buy in 2026, as its Actuarial & Underwriting Committee met yesterday in a lengthy meeting to select a weighting methodology for a blending of risk models to derive the 1-in-50 year PML.
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Welcome to Artemis’ 2025 Monte Carlo Rendezvous Executive Roundtable, during which nine leaders and experts from across the insurance-linked securities (ILS) and reinsurance sector discussed the current state and future prospects of the market.
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In property catastrophe reinsurance “the bloom is off the rose” according to Rob Berkley, President and CEO of W. R. Berkley Corporation, who during an earnings call yesterday cautioned that while margin does remain in property cat, the potential for a “feeding frenzy” at the 1/1 2026 renewals may change that.
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Irrespective of lower claims experience over the last year in natural catastrophe reinsurance business, Hannover Re’s German subsidiary E+S Rückversicherung AG has said that it expects demand for property catastrophe reinsurance will continue to rise, while insurance-linked securities (ILS) business is also seen as an area of opportunity for the group.
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