$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
Reinsurance News
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Explore reinsurance capital news, expert analysis, and updates on brokers, reinsurers, investors, regulation, and emerging risks affecting the global reinsurance sector and renewal outlooks.
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
Lloyd’s reports £3.5 bn profit as premiums rise in 1H 2026
Lloyd’s reported £34.7 bn of gross written premium and a 90.8% combined ratio in 1H 2026, with underwriting profit rising to £1.9 bn
AEGIS London and tech MGA Augentic launch Lloyd’s digital follow consortium
AEGIS London and Augentic launched a Lloyd’s digital follow consortium offering brokers capacity across Property, Casualty and Specialty risks
Global reinsurers post stronger 1H 2026 underwriting results
Global reinsurers improved underwriting profitability in 1H 2026 as catastrophe losses fell, though softer pricing drove non-life premiums down 6%
DIFC Court of Appeal limits reinsurer defence-cost liability
DIFC Court of Appeal says English law governs a $70 mn marine war-risk reinsurance dispute and rejects open-ended defence-cost liability
EBRD to expand Ukraine war-risk reinsurance facility after full use
EBRD plans to widen its Ukraine war-risk reinsurance facility with Aon after €360 mn in goods and vehicle movements used the scheme in nine months
Munich Re Q2 2026 profit rises to €2.2 bn on strong investment result
Munich Re reported a €2.211 bn Q2 2026 net result as low P&C major-loss expenditure and a €3.159 bn investment result supported earnings
INTX Insurance Software launched Tenet intelligence layer for reinsurance
INTX introduces Tenet, an intelligence layer for its reinsurance operating system, linking policy, treaty, claims and financial data
Fairfax Q2 shows Brit pricing pressure and global growth
Fairfax Financial Holdings reported $1.39 bn in net earnings attributable to shareholders for the second quarter of 2026, equal to $63.38 per diluted share
Goldman Sachs and Talcott launch $1 bn reinsurance sidecar
West Grove Re raises about $1 bn as Talcott and Goldman build Bermuda reinsurance capacity for US annuity liabilities
Munich Re Specialty launches Japan earthquake cover
Munich Re Specialty launches parametric earthquake insurance in Japan through Lloyd’s Japan, targeting corporate liquidity after seismic events
Lloyd’s says ex-CEO John Neal breached compliance rules
Lloyd’s found former CEO John Neal breached compliance rules over an undisclosed close relationship and whistleblowing process failures
Lloyd’s expands multinational insurance access in India
Lloyd’s signs ICICI Lombard as its local partner in India, giving managing agents a route to local policies for selected business lines
Lloyd’s backs new Hormuz marine war risk insurance consortium
Lloyd’s welcomes a Chubb-led marine war risk consortium offering extra hull, P&I and cargo capacity for Strait of Hormuz transit risks
Howden Re hires Jay Sogliuzzo to lead North America MET treaty
Howden Re appoints Jay Sogliuzzo to expand North America marine, energy and terror treaty capabilities amid rising geopolitical risk
Active Re released its 2025 Annual Report and reinforces its disciplined growth strategy
Active Re reported an 88.4% combined ratio, 16.1% ROE and $108 mn in equity, with AM Best affirming its A rating
Florida reinsurance market regains capacity after legal reforms
Florida’s reinsurance market improved after tort reforms, stronger underwriting and lower litigation, with June renewals bringing more capacity and softer pricing
Home insurtech Hippo places $777 mn reinsurance program for 2026
Hippo renews its 2026 reinsurance program with $513 mn first-event catastrophe protection and $777 mn aggregate coverage
New Zealand’s Natural Hazards Commission secures record $7.2 bn reinsurance cover
New Zealand’s NHC secures NZ$12.3 bn of reinsurance protection for 2026, including catastrophe bond cover through Totara Re
How Lloyd's institutional structure supports re/insurance underwriting across marine, aviation, energy, cyber and other complex insurance classes
Global insurance-linked securities market reached $145 bn in 2026, supported by record catastrophe bond issuance, 12.5% investor returns and expanding reinsurance sidecars
Global reinsurance capital reached $800 bn in 2026 as expanding capacity, lower property pricing and stronger catastrophe bond activity favor buyers
Insurance regulators in the US, UK and Japan are strengthening oversight of asset-intensive reinsurance, targeting counterparty credit risk, recapture reserve adequacy