Property catastrophe reinsurance rates may fall 10% at January 2027 renewals
Property catastrophe reinsurance rates could decline at least 10% in January 2027 as cat bond capacity grows and alternative risk models become more accessible
Reinsurance News
Stay informed with Reinsurance News Today from Beinsure. Follow global reinsurance market news, covering reinsurance renewals, rates, pricing, capacity, underwriting, capital, and market conditions.
Global P&C reinsurance premiums fall 6% to $73.7 bn as profitability improves
P&C reinsurance net premiums fell 6% to $73.73 bn in H1 2026, while the combined ratio improved to 86.1%, according to Fitch Ratings
US MGA insurance premiums reach $109 bn as Munich Re urges underwriting discipline
US MGA premiums reached $109 bn in 2025, up 90% since 2020, as Munich Re Specialty emphasizes underwriting profitability, specialization and portfolio data
Blackstone and Aon launch Cortina reinsurance Syndicate 1956 at Lloyd’s
Blackstone and Aon establish Cortina Syndicate 1956 at Lloyd’s, with QBE managing underwriting and operations expected to begin in January 2027
Managing Agency Partners raises profit forecasts for Lloyd’s Syndicates 2791 and 6103
Managing Agency Partners raises 2025 profit forecasts for Lloyd’s Syndicates 2791 and 6103, while maintaining its previous estimates for the 2024 underwriting year
Allianz Commercial plans Lloyd’s Syndicate 1893 launch in 2027
Allianz Commercial plans to establish Lloyd’s Syndicate 1893 in January 2027, expanding its specialty insurance and MGA business, subject to regulatory approval
Swiss Re profit rises to $4.2 bn in 2026 as reinsurance earnings grow
Swiss Re reports $4.2 bn net income and 22.5% ROE for nine months of 2026, supported by lower catastrophe losses, strong underwriting and investment returns
Aon and Munich Re launch pandemic reinsurance in Indonesia and Philippines
Aon and Munich Re launch a pandemic reinsurance solution for hospitality businesses in Indonesia and the Philippines, covering non-damage business interruption risks
Lloyd’s of London restructures market oversight to cut costs and simplify operations
Lloyd’s announces an operating model overhaul, consolidating oversight under Rachel Turk and targeting lower market costs beyond its 1% central charge
Lloyd’s 2027 investment outlook: Demand remains resilient amid re/insurance rates fall
Lloyd’s 2027 capacity auctions attract strong investor demand despite softer insurance pricing, as Argenta forecasts returns above 18% for advised clients
Unum Life Insurance closes $3.8 bn long-term care reinsurance deal with Fortitude Re
Unum Group completes a $3.8 bn long-term care reinsurance transaction with Fortitude Re, transferring 50,000 policies and reducing LTC reserve exposure
Vantage Group launches facultative reinsurance business led by Lisa Pickard
Vantage Group Holdings has launched a facultative reinsurance division, appointing former Arch Re executive Lisa Pickard as president following its acquisition by Howard Hughes Holdings
The 20 global re/insurance brokers generate $122 bn in revenue as market growth slows in 2026
The world’s 20 largest insurance and reinsurance broking groups generated approximately $122 bn in combined revenue in 2025
Global insured catastrophe losses reach $91 bn during 9M 2026 – Aon
Aon estimates global insured catastrophe losses at $91 bn and economic losses at $204 bn in the first nine months of 2026, with a 55% protection gap
Markel Insurance and Enstar agree reinsurance deal covering $4.8 bn in reserves
Markel Insurance and Enstar have agreed an adverse development cover for $4.8 bn in run-off reserves, including $1.2 bn in additional loss protection
Munich Re raises 2026 profit forecast to €6.6 bn after strong Q3 results
Munich Re reported preliminary Q3 2026 net profit of €1.7 bn, beating analyst estimates, and raised its full-year profit guidance to €6.6 bn
AFC and Munich Re launch $1 bn risk-sharing program for African trade
Africa Finance Corporation and Munich Re have agreed a $1 bn risk-sharing program to expand trade finance capacity across 11 African countries and attract institutional investors
Symetra and TIAA launch Bermuda-based Mariner Re with $750 mn investment
Symetra and TIAA have launched Bermuda-based Mariner Re, backed by $750 mn in equity from TIAA, to support annuity growth through a flow reinsurance arrangement.
$800 bn global reinsurance capital drives favorable 2027 renewals
Record global reinsurance capital of $800 bn supports lower property pricing, expanded casualty capacity and more flexible reinsurance terms ahead of January 2027 renewals
ILS capital hits $145 bn, supported by growth in cat bonds and reinsurance sidecars
Insurance-linked securities capital reached $145 bn in H1 2026, with catastrophe bonds rising 17% to $63.4 bn and sidecar capital growing 35%
777 Re backer 777 Partners’ cofounder Josh Wander pleads guilty in $500 mn fraud case
Josh Wander pleaded guilty to wire and securities fraud involving 777 Partners, agreeing to forfeit at least $500 mn after the investment firm’s collapse
Korra launches Deal Analysis for P&C reinsurance and ILS transactions
Korra has launched Deal Analysis, combining AI, Bayesian loss modeling and investment analytics to evaluate casualty, property and specialty reinsurance and ILS transactions
DOXA launches DOXA Re for specialty property quota share reinsurance
DOXA has established DOXA Re, a property reinsurance MGU led by James Femia, offering quota share and proportional solutions to insurers, hybrid carriers and MGAs
Credeq secures Lloyd’s approval for credit insurance Syndicate 1998
Credeq has received in-principle approval from Lloyd’s to establish Syndicate 1998, expanding its credit insurance, surety reinsurance and trade credit capacity
RSA Canada’s Northern Shield closure strained BC earthquake insurance market
RSA Canada’s decision to retire Canadian Northern Shield created insurance capacity challenges in British Columbia, with higher premiums and reduced earthquake and flood coverage
FM expands alternative risk transfer with parametric and captive solutions
FM has introduced parametric insurance, structured risk solutions and captive cells to help commercial property clients manage insurance costs, capacity constraints and financial losses
Hurricane Isaias unlikely to affect US reinsurer ratings – Fitch Ratings
Fitch Ratings expects Hurricane Isaias insured losses in the mid-single-digit billions, with limited credit impact on Florida insurers and reinsurers
Harneys and droppRWA plan tokenized catastrophe bonds for 2027
Harneys and droppRWA plan tokenized catastrophe bonds to broaden access to disaster risk investments as the cat bond market reaches $65.6 bn
Aon and EBRD expand Ukraine war risk insurance facility to €150 mn
Aon and EBRD increase Ukraine’s war risk insurance facility to €150 mn, expanding reinsurance capacity, coverage and local insurer participation
Athena Re secures Lloyd’s coverholder approval for cyber insurance
London-based insurance MGA Athena Re receives Lloyd’s coverholder approval to launch a cyber insurance binder and expand its specialty insurance portfolio
Pacific Life Re enters US reinsurance market with $3 bn longevity deal
Pacific Life Re enters the US longevity reinsurance market through a $3 bn transaction with American National Insurance, expanding its global retirement business
J.P. Morgan forecasts 20% drop in property cat reinsurance rates
J.P. Morgan forecasts a 10-20% decline in property catastrophe reinsurance rates at January 2027 renewals as record capital and low losses pressure pricing
North American (re)insurers’ operating ROE rises to 11.2% in 1H 2026
Fitch reports North American (re)insurers’ operating ROE reached 11.2% in 1H26, supported by lower catastrophe losses and higher investment income
Lincoln Financial closes $6.3 bn Talcott reinsurance transaction
Lincoln Financial closes a $6.3 bn reinsurance transaction with Talcott covering about $5.8 bn of guaranteed universal life statutory reserves
Lloyd’s Lab selects 10 insurtech startups for Cohort 17 Accelerator
Lloyd’s Lab selects 10 companies for Cohort 17, focusing on market efficiency, new insurance products and experimental technologies during a ten-week programme
AM Best affirms Active Re ratings with stable outlook
AM Best affirms Active Re’s A financial strength and a issuer credit ratings with stable outlooks, citing capital strength and solid underwriting results
Fortitude Re parent acquires Dayforward annuity insurtech platform
Fortitude Re parent FGH Parent acquires Dayforward’s annuity technology platform, distribution agreements, IP, agency operations and employees
Manulife closes $3.2 bn LTC reinsurance deal with Munich Re
Manulife closes a $3.2 bn long-term care reinsurance deal with Munich Re Life US, cutting LTC morbidity sensitivity by 24% across recent transactions
AXA XL launches dedicated E&S insurance company for wholesale brokers
AXA XL, the P&C and specialty risk division of AXA, launches AXA XL E&S, a dedicated carrier for wholesale brokers, with underwriting starting in 2027
Lloyd’s Veterans Charity awards £850K to 9 groups supporting veterans’ mental health
Lloyd’s Veterans Charity awards £850,000 to nine organisations supporting veterans’ mental health and employment across the UK
Reinsurance market set for more flexible 2027 renewals
Record reinsurance capacity and strong earnings are setting up more flexible January 2027 renewals, with further property and cyber rate reductions expected
Catastrophe insurance gap persists as reinsurance capacity grows
Reinsurance capital hit a record $785 bn, yet 57.8% of global catastrophe losses went uninsured from 2015 through 2025, Moody’s found
AI targets London insurance costs as Lloyd’s expense ratio rises
AI is being applied to London insurance workflows as brokers and underwriters seek to reduce duplicated work and Lloyd’s 35.6% expense ratio
Hurricane Polo pressure puts Mexico catastrophe bond in focus
Hurricane Polo reached 180 mph winds and 892 mb pressure, putting pressure triggers on Mexico’s $175 mn Pacific hurricane catastrophe bond under scrutiny
Aon names Phillip Esser CEO of Reinsurance Solutions Germany
Aon appointed Phillip Esser CEO of Reinsurance Solutions in Germany and Volker Wahl executive chairman under a new leadership structure from Oct. 1
Luzern Risk raises $45 mn for AI captive insurance platform
Luzern Risk raises a $45 mn Series B led by Insight Partners to expand its AI-native captive insurance platform and alternative risk services
Severe Caribbean hurricanes rise 94% over the past decade – Atrium research
Atrium research finds Category 3-5 Caribbean hurricanes rose 94% in a decade, increasing property losses and insurance exposure across tourism markets
Lloyd’s posts 22% return on capital, pre-tax profit remains £10.7 bn
Lloyd’s reported a 22% return on capital and £10.6 bn pre-tax profit in 2025, while AM Best expects pricing pressure to lift the combined ratio in 2026
Aon launches Underwriting Analytics for insurers and reinsurers
Aon launched Underwriting Analytics within its Risk Analytics Platform to help insurers assess new risks against existing portfolio accumulations
Howden Re launches Novark platform for insurance-linked capital
Howden Re launched Novark, a digital platform providing near real-time data and administration for insurance-linked securities and third-party capital
US offshore life reinsurance reserves reach $1.3 tn
US life insurers ceded $1.3 tn of reserves offshore in 2025, nearly double 2020 levels, with Bermuda accounting for 85%, according to Fitch
ILS market expansion: third-party reinsurance capital reaches $141 bn in 2026
Third-party reinsurance capital reached about $141 bn of limit by March 2026, while outstanding catastrophe bond capacity surpassed $65 bn
Property catastrophe reinsurance prices fall at mid-year renewals
Property catastrophe reinsurance prices fell by double digits at June and July 2026 renewals as global reinsurer capital reached $790 bn
Northern Re surpasses $1 bn in in-force reinsurance premium
Northern Re has exceeded $1 bn in in-force premium after four underwriting years, while committed capital increased from $25 mn to $325 mn
MS Reinsurance appoints Julien Mollinier as Global Speciality CUO
MS Re appointed Julien Mollinier as Chief Underwriting Officer, Global Speciality Lines, alongside senior changes in its Financial Risks team
Starr and Goalhanger launch geopolitical risk series at Lloyd’s of London
Starr and Goalhanger will host The Risk Briefing at Lloyd’s, bringing political commentators and insurance executives together to discuss geopolitical risk
Chariot Re raises $700 mn in third capital round, taking total capital above $2 bn
Chariot Re raised about $700 mn in equity and debt, taking total capital raised since its 2025 launch above $2 bn
Insurtech Corgi Insurance launches Corgi Re reinsurance platform
Corgi Insurance launched Corgi Re, a reinsurance platform using underwriting technology and data tools to support faster risk and capital decisions
Howden Re and Synthetik launch UNREST model for civil unrest risk
Howden Re and Synthetik launched UNREST, a property-level model for measuring strikes, riots and civil commotion exposure and potential insured losses
EQT to acquire majority stake in McGill and Partners for $2 bn
EQT X agreed to acquire a majority stake in McGill and Partners for $2 bn, with Warburg Pincus exiting and Steve McGill remaining CEO
Beinsure examines the latest global insurance brokerage market data for 2025-2026, financial results of the largest brokers, market concentration, M&A trends
UK M&A deal value reached £134.7 bn in H1 2026, up 125%, while volumes fell 12.6%. PwC reports growing investment concentration in financial services, AI and healthcare
Aerospace and defense M&A reached 532 deals in 2025, as business aviation attracts private equity, family offices, and growth investors
Global insurance M&A stabilised, as insurers and brokers took a more strategic approach to acquisitions amid falling interest rates and a realignment of strategic priorities