Reinsurance renewals news

Global re/insurer QBE has again been a beneficiary of improved reinsurance renewal market conditions at January 1st 2026, with an outcome that has allowed the company to further reduce the retentions for its main catastrophe reinsurance tower, with the company citing an “excellent” renewal.

Zurich, the European headquartered global re/insurance company, has renewed its catastrophe reinsurance at January 1st, placing more of its aggregate catastrophe treaty for 2026 to provide additional frequency protection, while finding market conditions stable and pricing favourable.

Reinsurance and catastrophe bond market participants may not see a typical large protection buy from the Texas Windstorm Insurance Association (TWIA) in 2026, as the latest exposure data from the suggests it may only need just over $355 million of new risk transfer this year, with cat bonds set to provide the rest of its […]

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.

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.

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.

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.

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.

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.

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.