What did the 1/1 2026 renewal period show?

Most areas of the reinsurance market recorded price decreases at 1 January 2026 renewals, according to industry sources.

The decrease showed pricing across most major lines returning to levels last seen around four years ago, albeit with comparatively higher attachments and tighter terms.

“The 1 January 2026 renewal confirms that pricing momentum has turned decisively, with risk-adjusted reductions across most major lines bringing rates back towards levels last seen around four years ago,” said David Flandro, Head of Industry Analysis and Strategic Advisory, Howden Re, in the company’s report on the 1/1 renewals.

At the beginning of 2025, a lacklustre 1/1 January renewal period saw prices fall. At the time, a report from Fitch Ratings said that reinsurers would still see a healthy 2025 for profits despite the decrease.

Please Login or Register for a free account to view this content. Benefits of registering include:

• Receive weekly Insurance Investor newsletter containing the latest articles and news
• Hear about latest industry developments and industry analysis first, and be informed ahead of the rest of the market
• Access exclusive invitations to Insurance Investor industry events in your local region, and meet with peers to network around research-led content programs