Reinsurance renewal rates continued dropping during this year’s January renewals, but US property-catastrophe reinsurance pricing is likely to stabilize during the coming midyear renewals, according to a report from Moody’s Ratings.
“The upcoming midyear 2025 reinsurance renewals, which focus on the US, will be influenced by large US catastrophe loss events over the past year – particularly Hurricanes Helene and Milton and the Los Angeles wildfires – which are likely to provide support to reinsurance pricing for US exposures,” said the Moody’s report, titled “January ren