All 1 January renewals articles
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NewsSoftening continues at Baden-Baden as European renewals take shape – Spenner
Gallagher Re’s Dirk Spenner says reinsurers face pressure on terms and pricing ahead of 1 January renewals in Europe, as oversupply of capacity and benign loss experience continue to shift negotiations in buyers’ favour
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News20 years since KRW: Ariel Re’s Ryan Mather
Two decades after hurricanes Katrina, Rita, and Wilma reshaped the reinsurance landscape, Ariel Re’s CEO Ryan Mather reflects on the reinsurer’s origins, the pivotal moments that shaped its journey, and why a culture of analytics and due diligence gives it its competitive edge.
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NewsAon sees buyers gain leverage as renewal season begins
Aon’s pre Monte Carlo RVS report highlights record capital, rising ILS activity and a supportive market for cedents, as reinsurers seek to deploy capacity and stay relevant
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NewsReinsurers hold firm as market recalibrates, says AM Best
AM Best’s latest reinsurance market report finds global reinsurers maintaining disciplined underwriting, strong capitalisation and enhanced investment returns, as executives jet off to RVS 2025
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NewsGuy Carpenter sees buyer’s market as reinsurers head to Monte Carlo
At its pre-RVS 2025 briefing, senior executives at the reinsruance broker pointed to accelerating softening trends, abundant capital and shifting casualty dynamics, while cautioning reinsurers to balance growth with relevance.
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NewsBalance shifts towards buyers at 1.1 – Antares’ van der Straaten
Antares Global CEO Mike van der Straaten says reinsurers face a more competitive landscape heading into the January 2026 renewals, with capital returning, retro softening and specialty lines under pressure
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NewsProperty cat ROL down 6.6% globally at 1/1 – Guy Carpenter
The reinsurance broker released its rate-on-line indices for property catastrophe business at the 1 January reinsurance renewal, headlined by a US decrease of 6.2% and an overall fall of 6.6% globally.
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NewsHowden at 1/1 heralds new phase in the cycle ‘past the pricing peak’
Risk-adjusted price reductions at January renewals included retrocession down 13.5%, D&F down 12.5%, global property cat down 8% and London market casualty XoL down 2%.
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NewsGallagher Re at 1/1: ‘tense’ casualty negotiations put onus on data; prop cat competition ‘responsible’
The reinsurance market is in a strong financial position at the 1/1 renewal, according to the reinsurance broker’s “1st View Report: Differentiation Rewarded” and an interview with Gallagher Re’s Chirag Shah.
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NewsGuy Carpenter on 1/1: ‘strong reinsurer appetite, excess prop cat capacity’
Non-loss-impacted property catastrophe renewals fell 5-15% risk-adjusted at 1/1, the broker said, but casualty reinsurance buyers experienced ”varying outcomes”.
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NewsBaden Baden: Hannover Re expects German floods to lead to price gains
Severe weather means the German reinsurer anticipates further price increases and improved terms at January renewals.
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NewsA new baseline for reinsurance has been reached - Everest Re
In the current environment, global risk-adjusted returns are expected to remain favorable at 1/1 and throughout 2025, says Jill Beggs, Everest Reinsurance executive vice president and chief operating officer.
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NewsHannover Re: ‘Continuing trend’ of hardening reinsurance terms
The reinsurer said that there was a ‘movement towards stabilisation generally’ at its RVS 2024 briefing in Monte Carlo.
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NewsAon renewals briefing emphasises shifting market dynamics
Led by Andy Marcell led a senior leadership panel to discuss global reinsurance market dynamics as the industry heads to the Monte Carlo RVS 2024.
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NewsTime to stand out - Gallagher Re’s Wakefield
Against the backdrop of the most dramatic re/insurance market we have seen, Gallagher Re’s CEO Tom Wakefield predicts a return to a true market of differentiation for upcoming 1/1 renewals.
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NewsGR Special Edition: Monte Carlo RVS 2024
This year’s annual print edition of Global Reinsurance for the Monte Carlo reinsurance Rendez-Vous de Septembre is packed with executive interviews, news and analysis and features on the latest trends facing international (re)insurance markets. The magazine, which will be on the stands at Monte Carlo, is FREE to download here.
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NewsDiscipline holds after ‘all time high’ – Hiscox Re & ILS
Matthew Wilken, chief underwriting officer (CUO) of Hiscox Re & ILS thinks pricing discipline and fresh demand mean the reinsurance market is in “a good place” this summer. He is responsible for the reinsurance carriers’ book of more than $1bn gross premium.
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NewsWhere are all the new reinsurers?
A hardening market usually heralds the arrival of new reinsurers, but this has not happened in 2023 and 2024. Two analysts from AM Best recently sat down with Global Reinsurance to try to explain why.
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NewsA new phase in the cycle begins – Howden Re’s Flandro
After a Goldilocks period for reinsurers, a new stage in the cycle is starting to take shape, with signs including lower interest rates and their effects on bond portfolios, David Flandro, Howden Re’s head of industry analysis and strategic advisory, told GR.
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NewsDynamic trading environment meeting reinsurance demand – Guy Carpenter
The reinsurance broker’s leadership describes market conditions expected to influence placement discussions ahead of 1 January 2025 renewals.
