Property-catastrophe capacity remained adequate to meet demand during the April 1 renewals for U.S. reinsurance buyers, despite the record losses from California’s January wildfires, according to Aon and Gallagher Re in their renewal reports.
Reinsurers continued to demonstrate an appetite for growth for U.S. property-cat exposures during the April renewals, while alternative capital markets provided healthy competition and new start-up reinsurers looked for growth opportunities, Aon said in its report, titled Reinsurance Market Dynamics – April 2025 Renewal.”
The California wildfire losses have not led to a market-wide change in reinsurer appetite or pricing, said