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Renewal Resource Center

July 2026 Renewals

July 2026 Reinsurance Renewals

Traditional reinsurance market conditions persist, as alternative capital offers diversification opportunity for cedents

Key takeaways from the report include:

  • Competitive reinsurance market continues, with global property catastrophe ROL index reducing to -16% at mid-year renewals.
  • Casualty mid-year renewals continue to demonstrate nuanced outcomes, reflecting adequate capacity and differentiated pricing based on loss experience.
  • Alternative capital growth offers diversification opportunity for cedents, with increased utilization of catastrophe bonds and parametric in property lines, sidecars and legacy solutions in casualty.
  • Guy Carpenter has responded to ongoing geopolitical conflict through development of new specialty quota share products and a consortium, offering meaningful capacity where it was previously unavailable.
  • Total loss reserve for 2024 Baltimore Bridge collapse increased to USD 2.8 billion from USD 1.5 billion; this will largely be borne by the marine reinsurance and retrocession markets, impacting 2027 renewals.
  • Despite an expected quieter 2026 Atlantic hurricane season outlook driven by strong El Niño conditions, a weaker or late arriving El Niño will significantly impact suppression of Atlantic storms.

 

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Dean Klisura

“In the current market conditions, cedents have secured competitive pricing and terms on their reinsurance programs, but many are also exploring alternative options, such as parametric solutions and sidecars, as ways to complement their traditional protection. We expect this trend to continue as we move through the remainder of the year.”

Dean Klisura, President & CEO of Guy Carpenter

June 2026 Florida Reinsurance Renewals

A Thriving Market Restoring Capital to Healthy Levels

We found that legal reforms, improved building resilience, and disciplined underwriting have combined to restore capital and confidence in the Florida market. That restoration is visible in the way insurers and reinsurers approached the June renewals — more capacity was available, terms improved, and pricing moved in line with the better loss outlook, which ultimately supports sustainable rate relief for policyholders.

Key themes from the report are:

  • Strong results by Florida carriers in 2025 set the stage for the June 2026 renewal season.
  • Reduced hurricane losses and legal reforms have improved the view of risk for the state.
  • There is increased demand for reinsurance and ILS capacity.
  • Forecasted El Niño conditions are leaning toward a below-average to near-normal 2026 Atlantic hurricane season.

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April 1, 2026 Renewals

Reinsurance macro trends and market softening continues in Asia Pacific and India against backdrop of Middle East conflict

The global reinsurance market continues to experience softening, with notable price reductions observed in key April 1 renewal territories across Asia Pacific and India. 

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January 1, 2026 Renewals

Reinsurance buyers experience market softening as reinsurers grow capital following strong returns

Expanded reinsurance capacity available at January 1, 2026, resulted in accelerated softening of pricing across many lines.

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Additional Insights

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