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.
Conduit Re continued to evolve its retrocession strategy into 2026, with the pure-play reinsurance company securing enhanced protection for both peak and secondary perils, the company explained this morning.
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After another half-year when Australian primary insurance giant Suncorp Group went over its natural hazards budget the company is hoping the softer reinsurance market conditions will allow it to reassess options for aggregate reinsurance or frequency protection at its next renewal.
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At the January 2026 reinsurance renewals, insurance giant AIG added further efficiency to its aggregate protection for the year, in a renewal that saw weighted average rate decreases of more than 15% for the company, CEO Peter Zaffino explained today.
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Analysts from Autonomous suggest that while reinsurance terms and conditions are set to face increasing pressure as 2026 progresses, any slippage seen in 2025 does not yet indicate that T&Cs are becoming irrational.
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The global market for insurance-linked securities (ILS) is entering a new phase of stability. Following the key January 1, 2026 reinsurance renewal season, Aditya Dutt, President of Aeolus Capital Management, suggests that the sector has transitioned from a period of high volatility into a more disciplined, self-regulating era.
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Large European reinsurer Hannover Re expanded its retrocession protections by around 17%, or EUR 200 million to EUR 1.4 billion at the January 1st, 2026, reinsurance renewals, with increased capacity for its capital markets backed K-Cessions quota share sidecar facility, and a new parametric earthquake cover.
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In the wake of the 2026 January reinsurance renewals, which saw double-digit declines in property catastrophe reinsurance pricing, analysts at J.P. Morgan have highlighted that while attachment points have largely held up, this has driven profitability to be likely better than the pricing levels suggest.
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Selective Insurance Group added $100 million to the top-layer of its catastrophe reinsurance tower at the January 1 2026 renewals, which lifted the top of the tower to cover up to $1.5 billion of losses, while its management said the renewal came with meaningful price decreases.
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While the overall catastrophe bond market saw issuance rising around 40% year-on-year in 2025, broking group Aon saw its activity supporting issuance of new cat bonds rising by more than 50%, CEO Greg Case said today.
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Following a record-breaking year for the catastrophe bond market, reinsurance broker Howden Re has outlined how these insurance-linked securities (ILS) instruments have remained in favour due to their liquidity and more standardised structure.
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