retro

RenaissanceRe, the Bermuda headquartered reinsurance company and third-party capital manager, has announced the expansion of Adria Da Breo Richards’ role to include management of its Property Cat Assumed Retro portfolio, alongside her current role overseeing property catastrophe reinsurance portfolios for global clients.

Alternative capital remains a critical source of retrocessional reinsurance capacity for some of the biggest reinsurers in the market, with it seen to increase in importance for some of the top-tier companies over the last year, S&P Global Ratings has said.

Hannover Re is currently operating on the assumption that its retrocession needs for 2026 will result in a similar placement as we saw at the start of this year, unless pricing proves particularly compelling to purchase more, Sven Althoff, Member of the Executive Board for Property & Casualty (P&C) explained today.

Improved pricing, greater competition, and a notable increase in capacity helped drive stronger retrocession and aggregate cover placements at the 2025 mid-year reinsurance renewals, according to broker Aon.

Hannover Re is anticipating a roughly EUR 230 million recovery from its retrocessional reinsurance to support its losses from the Los Angeles wildfires, with the majority of that expected to come from the proportional K-Cessions quota share sidecar, Sven Althoff, Member of the Executive Board for Property & Casualty (P&C) said this morning.

During a recent interview with Artemis, Kier James, Chief Underwriting Officer of MultiStrat, discussed the firm’s recent growth across the insurance-linked securities (ILS) market, while also highlighting how retro market conditions have become more favourable for buyers throughout recent months.

Conduit Re, the pure-play Bermuda reinsurance company, has announced its intention to purchase more retrocession to protect its earnings from volatility due to secondary peril loss impacts, while the company has also announced that CEO Trevor Carvey is stepping down.

HP Reinsurance SPC Ltd. (HP Re), a Cayman Islands based reinsurer, and Hale Partnership Capital Advisors has announced the hiring of Matt Walters as Chief Operating Officer (COO) of HP Re, as the firm continues to expand in both the reinsurance and retrocession markets.

Sven Althoff, Member of the Executive Board for Property & Casualty (P&C) of large European reinsurer Hannover Re said this morning that catastrophe bonds have been the main area of expansion for the company within the insurance-linked securities (ILS) space, noting that it is a “nicely growing part” of the firm’s business.

UK government backed mutual terrorism reinsurance firm Pool Re has secured another increase in size to its retrocession program, lifting it by 15% from £2.4 billion to £2.75 billion at the latest renewal, while our sources suggest that a new vintage of the Baltic terrorism catastrophe bond is expected to add to this.