US property cat reinsurance market in favour of buyers at mid-year renewals: Aon
Conditions in the U.S. property catastrophe reinsurance market continued to shift in favour of buyers at the mid-year renewals, yet...
archiveReinsurance renewals news
Aon expects over $7.5bn of additional US property cat reinsurance demand at mid-year renewals
As reinsurance capital continues to grow and keep pace with increasing demand from buyers, broking group Aon’s Reinsurance Solutions arm expects more than $7.5 billion of additional US property catastrophe limit demand at the mid-year renewals. The June and July reinsurance renewals are key for the US property cat market, and despite an active first quarter for catastrophe losses, driven by the extremely costly California wildfires, Aon expects the conditions seen at the 1.1 and 1.4 renewals to persist, “supported by the weight of reinsurance capacity and unfulfilled reinsurer appetite.”...
Lancashire expects less property cat reinsurance rate softening after LA wildfires: CUO Gregory
Paul Gregory, Chief Underwriting Officer (CUO) of re/insurance company Lancashire Holdings Limited, expects there to be less property catastrophe reinsurance rate softening than initially anticipated for the remainder of 2025, following the impacts of the costly January wildfires in Southern California. Industry losses for the January 2025 Los Angeles wildfires are coalescing around the $40 billion mark, although some have suggested the total loss could be as high as $50 billion, while economic losses are expected to exceed $250 billion by some margin. For Lancashire, the fires are expected to...