Reinsurers meet in Monaco amid potential for lower rates

Reinsurers are meeting in Monaco for annual negotiations regarding premium amounts and contract conditions. Analysts suggest that reinsurance costs may decrease by 2027 due to high levels of profitability and solvency within the sector.

According to Marc-Philippe Juilliard, an analyst at S&P, the outlook for these companies remains stable. The pricing negotiated between insurers and reinsurers is heavily influenced by the volume of claims from the previous year. Following several difficult years marked by expensive climate-related claims, reinsurers increased tariffs and tightened risk acceptance, which successfully restored profitability.

Major European reinsurers have reported strong results, with Swiss Re earning a profit of 2.4 billion euros and Germany's Hannover Re earning 1.4 billion euros in the first half of 2026. Manuel Arrivé of Fitch noted that because natural catastrophe losses have remained below budget for several semesters, there is downward pressure on prices.