Reinsurance profits likely to stay healthy in 2026 despite “deteriorating” outlook

Pre Rendez-Vous reports emphasise market changes for reinsurers amid heightened nat cat costs and a poorer outlook for next year.

Monte Carlo Harbour @Pixabay.
Ahead of the annual pilgrimage to Monte Carlo, the reinsurance sector was predicted a less than stellar outlook for 2026 but individual companies still going strong.

The global reinsurance sector outlook has been downgraded from “neutral” to “deteriorating”, according to Fitch Ratings, for 2026.

In its pre-Rendez-Vous Monte Carlo de Septembre briefing in London on Tuesday, Manuel Arrivé, CFA, Director at Fitch Ratings, said that less favourable supply and demand dynamics were driving changes, especially around core credit drivers.

However, the company emphasised that reinsurers were still rating highly individually.

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