The April reinsurance renewals saw a competitive, buyer-friendly market with plentiful capacity and price reductions for loss-free accounts – in a continuation of the favorable market conditions seen in January, according to reports published by Aon and Gallagher Re.
“The positive renewal bodes well for upcoming mid-year renewals, when we expect buyer-friendly conditions will prevail, supported by robust levels of capacity and reinsurer appetite,” said Aon in its report titled “Reinsurance Market Dynamics – April 2025 Renewal.”
“A competitive reinsurance market resulted in much improved pricing for most insurers at 4/1, a key renewal period for Japan, South Korea and India,” which Aon said was driven by enhanced reinsurer results and a relatively benign natural catastr