Secondary Market for Global Reinsurance Improves Capital Efficiency
Discover how a secondary reinsurance market could improve capital efficiency, lower WACC, boost underwriting flexibility and support more efficient pricing
Reinsurance Sector
Reinsurance Sector, or insurance for insurers, is the practice of risk-transfer and risk-sharing between and amongst insurance companies. Treaty resinsurance involves one insurer buying broad coverage from a dedicated reinsurance issuer that covers all of the insured company’s policies.
For example, an insurance company might insure commercial property risks with policy limits up to $10 million, and then buy per risk reinsurance of $5 million in excess of $5 million. In this case a loss of $6 million on that policy will result in the recovery of $1 million from the reinsurer.
In this section, we have collected the most current articles and reviews on the topic of the Reinsurance Sector.
Global Reinsurance Pricing Softens at 1/1, 2026 Renewals as Capital Peaks
Global reinsurance pricing fell more than expected at Jan. 1, 2026 renewals, with abundant capital, weak catastrophe support, and easing terms
Lloyd’s Warns of Faster Softening Reinsurance Rates as P&C and Cyber Weaken
Reinsurance rates in several lines softened quicker than anyone expected this year, especially in casualty and cyber, yet trading conditions across the Lloyd’s market still look reasonably favorable
Global Re/Insurance Sector Growth: 3 Strategic Shifts for Re/Insurers
Re/insurance industry is showing strong momentum. Fund and Insure domain as the big opportunity—potentially generating $17 tn in gross value by 2035
Reinsurance Market Faces Post-Peak Pricing With Stable Sector Outlook
Global reinsurance market has entered a post-peak pricing phase, with earnings expected to moderate in 2025–2026
Reinsurance Market Strengthens in 2025 as Capital Inflows Grow
The global reinsurance sector has undergone a notable transformation since the market reset, drawing sustained attention from investors and analysts
Reinsurance Rates Ease in Europe Amid Stable Market Outlook
Reinsurance pricing in the European reinsurance market has started to ease after several years of steep increases. Still, underwriting standards remain strong
Falling Prices and Looser Terms Challenge Reinsurers’ Underwriting Margins
Softer pricing at reinsurers’ June and July reinsurance renewals supports view that abundant capacity and rising competition will continue to pressure prices
July 1 Reinsurance Renewals Show Competitive Market & Rate Reductions
Reinsurance buyers generally experienced a more competitive reinsurance market at the July 1 renewal compared to recent years, with capacity available even where demand increased
Global Reinsurers Report Strong 2024 Results with Positive Outlook for 2025
Global reinsurers reported strong results with a continued capital build driven by strong retained earnings. The reinsurance industry’s reported and underlying ROE remained well
Bermuda Life Reinsurers Gain Ground Amid U.S. Annuity Growth
Life reinsurers based in Bermuda have recorded increased activity as annuity sales rise in the U.S. and recent regulatory changes
European Reinsurance Market Strengthen ROE, Capital & Reserves Amid Market Shifts
European reinsurers recorded stronger return on equity (ROE) in 2023 and 2024, exceeding their cost of equity in three of the last four years
Europe’s Largest Reinsurers Reported Strong Financial Results
Europe’s four largest reinsurers—Munich Re, Swiss Re, Hannover Re, and SCOR—reported strong financial results in 2024
Impact of GLP-1 Receptor Agonists on Medical Trends and Reinsurance
How GLP-1 therapies are altering medical practices and insurance structures, prompting reinsurers to adjust their strategies to align with emerging risk profiles
EU Public-Private Reinsurance Scheme for Climate-Related Losses
EU insurance markets could gain if recent proposals for a bloc-wide public-private reinsurance scheme for climate-related losses move forward
1/1 Reinsurance Renewals: Capacity Expands, but Underwriting Discipline Holds
Reinsurance renewals for 2025 reflect a shift in market conditions. Property reinsurance rates have softened, though profitability remains strong
Global Reinsurers to Maintain Strong Profitability in 2025
Global reinsurers’ profitability will remain strong in 2025 despite lower risk-adjusted prices for most business lines when reinsurance contracts were renewed on 1 January
New War Risk Reinsurance Facility for Ukraine’s Commercial Property Sector
McGill in partnership with FortuneGuard and ARX introduced a new war risk reinsurance facility to provide commercial property coverage in Ukraine
Lloyd’s CEO: Re/Insurance Industry Must Evolve Faster Than Ever
The insurance and reinsurance sectors face an expanding risk landscape, driven by critical challenges such as climate change and cyber threats
APRA’s Proposed Reinsurance Reforms: Impact on Australian Insurers’ Credit Profiles
Changes to reinsurance-related capital requirements proposed by the Australian Prudential Regulation Authority strengthen Australian general insurers’ credit profiles
Global Reinsurance Market Trends. Composite’s ROE Reaches Five-Year High
In 2024, reinsurance premium rates increased, interest rates remained high, and capital markets performed well. The composite achieved its highest ROE in five years
Reinsurers Prepare for Rate Hikes Amid Rising U.S. Casualty Loss Costs
Reinsurers are likely to push for double-digit increases in U.S. casualty premium rates during the January 2025 renewals. This move aims to address higher loss costs
Global Reinsurers Brace for Mixed Reinsurance Pricing Outlook in 2025
More than 50% of the 81 respondents think global reinsurers will raise prices in January reinsurance 2025 renewals, continuing recent increases driven by high claims inflation
Reinsurers Will Increase in U.S. Casualty Premium Rates in 2025
Reinsurers will push for double-digit increases in U.S. casualty premium rates when policies come up for renewal in January 2025 to keep up with higher loss costs
Global Brokers Called on Re/Insurance Industry to Support Ukraine’s Resilience
Since the war began, global reinsurers have bundled risks from Ukraine, Russia, and Belarus, excluding them from reinsurance contracts. This has reduced available capital and hindered economic stability
Reinsurance Market Outlook for 2026: De-risking, Pricing & New Conditions
The positive reinsurance market outlook comes from de-risking as much as pricing with changes in terms and conditions, rising attachment points and tightening of wording
ILS Market & Alternative Reinsurance Capital: Poised for Continued Growth
ILS market remains a significant capital source for reinsurers in 2024. Alternative capital estemated at $110 bn, with the catastrophe bond market growing to $45 bn
2024 Global Reinsurer Traditional Capital: Capacity at Peak Levels
In 2024, global reinsurer capital, including both alternative and traditional sources, has reached peak levels. Reinsurer capital stood at $695 bn as of mid-2024, marking a $25 bn increase
Reinsurance Industry at a Crossroads: New Risks & Opportunities in 2025
While the reinsurance industry faces challenges, such as geopolitical and economic uncertainty, its biggest threat is losing relevance. 2024 has been another year of volatility
Rising Demand for Property Re/Insurance Amid Increasing Risks & Costs
Higher property values, urbanization, and increased repair costs are likely to drive demand for property re/insurance, particularly in regions facing heightened natural catastrophe
H1 2024 Global Reinsurance Market Highlights: Reinsurer Revenue & Capital Growth
Global reinsurance market delivered strong results in 2024 with further improvement in underwriting profitability, exceptional ROEs and a continued building of capital
Global Reinsurance Capital: New Peak Reached in 2024
Aon estimates that global reinsurer capital rose by $25 bn to a new high of $695 bn over the three months to March 31, 2024
Global Reinsurance Market Report: Reinsurers’ Capital & Profitability
Global reinsurance groups reported a significant improvement in underwriting profitability and ROEs in 2023
2024 Reinsurance Renewals: Reinsurers Increasing Appetite for Catastrophe Coverage
Ahead of the January 2024 reinsurance renewals, reinsurers’ overall appetite for US regional property catastrophe coverage remains healthy
Reinsurance Rates for U.S. & Florida NatCat Policies: Renewal Trends
U.S. property catastrophe reinsurance rates rose by as much as 50% at a key July renewal date, with states such as California and Florida increasingly hit
Global Reinsurance Property Catastrophe Market Outlook
The past year and half have seen major changes in the global Reinsurance Property Catastrophe (CAT) market
Financial Performance of Leading Reinsurers in the Global Market
Aon’s Reinsurance Aggregate analyses the financial results of 19 reinsures that together underwrite more than 50% of the world’s life and non-life reinsurance premiums
How Global Aviation Re/Insurance Market Has Gone Through a Turbulence?
The aviation re/insurance market has gone through a turbulent few years, with the impact of the COVID-19 pandemic, geopolitical shocks and macroeconomic challenges
Global Non-Life Reinsurance Market Outlook by AM Best
AM Best has released the Market Segment Outlook: Global Reinsurance report on the outlook for global non-life reinsurance, maintaining a stable view
April Reinsurance Renewal by Regions: Market Moves to Stable Footing
April 1 is an important renewal for the Asia Pacific region, dominated by Japan, which is home to some of the world’s largest catastrophe reinsurance placements
Global Reinsurance Capital in 2023: Reduced Asset Prices Erode Book Values
New reinsurance capital formation is limited, and investors remain concerned about the impact of climate change and inflation
Global Reinsurance Industry Results: Capital & Underwriting Performance
Global reinsurance dedicated capital totaled USD 638 bn. When reported on an economic basis, solvency not only remained strong
Global Reinsurance Market 2024: Challenging Renewals & Realignment
Pricing cycles in the commercial insurance and reinsurance sectors are now converging, marked by price increase moderation overall for the former, albeit with strengthening
IAIS Reinsurance Market Survey: Premiums, Assets, Retention & Distribution
IAIS collected data on the global reinsurance market through annual Global Reinsurance Market Survey covered about 50 reinsurers based in nine jurisdictions
Reinsurance as a Mitigation Tool for Global Life, Accident & Health Market
Lapse reinsurance originally emerged as a capital optimisation solution following the implementation of Solvency II
Re/Insurance Underwriting Results. Drivers of Natural Catastrophe Loss Growth
Property reinsurance rates rose significantly at the renewals. The losses from Hurricane Ian last year were a contributory factor
Global Reinsurance Market – a Hardest Market for Last 30 Years
Seismic shifts in the macroeconomic environment – combined with geopolitical uncertainty and heavy natural catastrophe losses – led to a severe tightening of capacity
Climate Risk & Weather-Related Re/Insurance Industry Losses Review
Climate risk has once again been the catalyst for insurance and reinsurance market change. Major losses caused by extreme weather events in recent years
Global Reinsurance Market Faced a Very Complex & Frustrating Renewal
Global reinsurance market has faced a very late, complex and in many cases frustrating renewal 1/1. Two areas of most constraint were peak-zone US property catastrophe
Commercial Insurance and Reinsurance Market Outlook 2024
Pricing cycles in the commercial insurance and reinsurance sectors are now converging, marked by price increase moderation overall for the former
Re/insurance Rate Hikes Should Spur Investor Interest in Reinsurance Sector
While insurers may have winced at the spike in property-catastrophe prices at the Jan. 1 renewals, the resulting rate hikes and new policy terms should spur investor interest
Global Reinsurance Capital Challenge in Natural Catastrophe
While there was sufficient capacity to meet the reinsurance needs of cedants at 1.1, it is also true that the amount of reinsurance capital being deployed was diminished in 2022
How Earthquakes in Turkey & Syria Impacts for Re/Insurance Industry?
According to Global InsurTech Report, 2022 has been a year of macro-realism (for many InsurTechs, investors and risk partners), micro company hardship
Bermuda Reinsurance Market Key Operating Data, Pricing & Terms
Bermuda reinsurers expected improved underwriting performance in 2024 will be driven by accelerating premium rates with a market reset in pricing
Reinsurance Market Dynamics: Lessons of a Hard Market & Future Capital Flows
The most challenging January 1 renewal in a generation as the reinsurance market underwent a fundamental shift in pricing and risk appetite
How Global Reinsurance Market Endured a 2023 Renewals?
The global reinsurance market has endured a complex and in many cases frustrating renewal process which has gone down to the wire, according to the 1st View January
War in Ukraine Slows Growth of Global Re/Insurance Market
The year 2022 can be characterized as one of the most challenging years in recent decades from the social, financial, political environment points of view
Exclusions into International Reinsurance Coverage for Ukraine, Russia & Belarus
In the negotiations taking place on contract renewal, it has turned out that the international insurance industry is no longer willing to agree on coverage for Russia and Belarus
How Re/Insurers Can Meet and Manage Customer Demands & Expectations?
Delivering personalised experiences and meeting consumer demands has been a key priority for insurers and insurtechs
M&A Transactions in the Global Reinsurance Sector will be Limited
M&A transactions in the global reinsurance sector will be limited into 2023 amid investor concerns over macroeconomic risks and heightened catastrophe losses
Discover how a secondary reinsurance market could improve capital efficiency, lower WACC, boost underwriting flexibility and support more efficient pricing
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
Global reinsurance pricing fell more than expected at Jan. 1, 2026 renewals, with abundant capital, weak catastrophe support, and easing terms
Reinsurance rates in several lines softened quicker than anyone expected this year, especially in casualty and cyber, yet trading conditions across the Lloyd’s market still look reasonably favorable