Reinsurance renewals news

PGGM, the Dutch pension fund investor that invests in insurance-linked securities and reinsurance on behalf of its end-client Dutch pension PFZW, has revealed a meaningful increase in the target allocation size for its investment into the PartnerRe operated Huygens sidecar structure.

Blockchain-backed reinsurer Re has announced the deployment of $134 million in reinsurance capital across multiple programs as the industry begins to head into the key January renewals season.

Over the last year the California Earthquake Authority (CEA) has benefited from strong execution in the catastrophe bond market to lower both its reinsurance attachment point and costs associated with risk transfer.

A recent report from Barclays Research indicated that current catastrophe bond market dynamics are perceived as being negative for both the reinsurance market and pricing cycle. Lower new cat bond spread multiples seen in Q4 so far indicate a market firing on all cylinders and a protection buying opportunity, but with ramifications for the traditional […]

Investor appetite within reinsurance and insurance-linked strategies has expanded significantly over the last year, as market-responsive investors continue to deploy capital attracted by strong risk-adjusted returns and relative value compared to high-yield credit, which is currently trading at historically tight spreads, according to Cate Kenworthy, Managing Director, Howden Capital Markets & Advisory.

Speaking during today’s third-quarter earnings call for specialty insurance and reinsurance group Lancashire Holdings, the firm’s Chief Underwriting Officer Paul Gregory said he expects the company will be able to secure broader and more competitively priced retrocession at the January 2026 renewals.

At a meeting of the Texas Windstorm Insurance Association (TWIA) Board today, the recently proposed new weighting methodology for a blending of catastrophe risk models to derive the 1-in-50 year PML was approved.

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.”

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.

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.