Reinsurance market report : results for full-year 2025

<?xml version="1.0" encoding="UTF-8" standalone="no"?>
<rdf:RDF xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<rdf:Description>
<dc:creator>Gallagher Re</dc:creator>
<dc:creator>Gallagher Re</dc:creator>
<dc:date>2026</dc:date>
<dc:description xml:lang="es">Sumario: The Gallagher Re Reinsurance Market Report (May 2026) analyzes full-year 2025 results for the global reinsurance industry. Total dedicated reinsurance capital rose 11% to USD 648bn, driven by strong retained earnings in traditional capital and historic inflows into non-life alternative capital. The Composite's reported ROE reached 19.3%, supported by benign natural catastrophe losses, investment gains, and prior-year reserve releases; underlying ROE eased to 13.5% amid softer pricing and equity growth outpacing revenues. Premium growth slowed to ~1% as market conditions softened, while reported combined ratios hit record lows (82.5% for the Composite). Alternative capital expanded to USD 135bn, increasingly entering beyond property cat. For 2026, capital growth is expected to moderate (~4%) and ROE to remain above the implied cost of equity (estimated 1415%) assuming normalized nat-cat activity. Methodological updates refine capital definitions and profitability drivers</dc:description>
<dc:identifier>https://documentacion.fundacionmapfre.org/documentacion/publico/es/bib/190851.do</dc:identifier>
<dc:language>eng</dc:language>
<dc:publisher>Gallagher Re</dc:publisher>
<dc:rights xml:lang="es">InC - http://rightsstatements.org/vocab/InC/1.0/</dc:rights>
<dc:subject xml:lang="es">Reaseguro</dc:subject>
<dc:subject xml:lang="es">Mercado de reaseguros</dc:subject>
<dc:subject xml:lang="es">Empresas de reaseguros</dc:subject>
<dc:subject xml:lang="es">Rentabilidad</dc:subject>
<dc:subject xml:lang="es">Catástrofes naturales</dc:subject>
<dc:type xml:lang="es">Livros</dc:type>
<dc:title xml:lang="es">Reinsurance market report : results for full-year 2025</dc:title>
<dc:format xml:lang="es">37 p.</dc:format>
<dc:coverage xml:lang="es">Ámbito geográfico: Internacional</dc:coverage>
<dc:description xml:lang="es">Executive summary -- Introduction -- Key themes -- Capital -- Profitability -- Appendix 1 -- Appendix 2</dc:description>
</rdf:Description>
</rdf:RDF>