Benign losses, coupled with abundant reinsurer capacity and growing risk, continue to drive a competitive pricing environment. In some cases, risk-adjusted decreases have deepened since January 1, 2026 renewals, and property catastrophe rate on line (ROL) remains down globally, around 16%.
"In the traditional property market, abundant reinsurer capacity continues to drive a progressively competitive pricing environment."
Dean Klisura, President & CEO