Market News
Report Cites Reinsurance Buyers' Market at Midyear Renewals
Reinsurance buyers enjoyed a buyers' market at midyear renewals, marked by double-digit price reductions and improved terms for most placements, according to a new report from Aon. Global reinsurance demand increased more than 10 percent at midyear, Aon said in its midyear report, Reinsurance Market Dynamics. Read More
Reinsurance Market Conditions Prompt Better Buyer Outcomes at Midyear
In a market reflecting strong returns for reinsurers, abundant capital, and keen competition, reinsurance buyers were able to achieve reinsurance-purchasing outcomes that better met their needs at July 1 renewals, according to a new report from Gallagher Re. That experience was felt by reinsurance buyers across most lines at midyear. Read More
US House Passes Bill to Reauthorize Terrorism Risk Insurance Program
The US House of Representatives has passed H.R. 7128, the TRIA Program Reauthorization Act of 2026. The measure passed the House June 29 by a vote of 373–15. The legislation would reauthorize the Terrorism Risk Insurance Act (TRIA)—which was first established by Congress after the September 11, 2001, terrorist attacks—through 2034. Read More
Cyber Insurance Purchasing Seen Trailing Information Security Spending
While investments in cyber risk management have grown significantly over the past decade, the evolution and growth of cyber insurance have moved more slowly over the same period, according to a new report from Aon. Global spending on information security has more than tripled over the past 10 years. Read More
FERMA Committed to Strengthening European Risk Management Community
Speaking to the general assembly of the Federation of European Risk Management Associations (FERMA) in Brussels on June 30, Philippe Cotelle, the organization's president, cited the strength of FERMA's commitment to building a stronger, more collaborative European risk management community. Read More