Article ID: 6d0859313904fde3a2e9e0009718a49e5595e938beb97fda9d3117ddbbdac156
Source ID: secondary:businessinsurance.com
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URL: https://www.businessinsurance.com/reinsurance-property-renewals-continue-softness-howden-re/
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Reinsurance property renewals continue softness: Howden Re - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Reinsurance property renewals continue softness: Howden Re by Matthew Lerner Agents and Brokers , Catastrophes , Energy , Marine , Property , Reinsurance Asia-Pacific & Australasia , United Kingdom Howden Mar 31, 2026 April reinsurance renewals showed a continuation of the softness in property markets seen at January 1. Japanese excess of loss property programs saw decreases as high as 20% while averaging around 16%, lowering rates to a level not seen in half a decade, according to a report Tuesday from Howden Re. Japanese rates are now “broadly” back down to rates last seen in the early 2020s, Andy Souter, head of Asia Pacific, Howden Re, said in the report, noting a “strong reinsurer appetite” and “lack of major loss activity.” Terms and conditions remained largely unchanged from previous renewals, Howden Re said. April 1 renewals were not affected by the war in the Middle East, the report said. The conflict and shocks to the energy markets “did not directly affect the property-catastrophe renewal at April 1,” Howden Re said. Any “dislocation” is being observed in specialty markets such as marine war risk. This, however, could change for midyear reinsurance renewals if the conflict persists. Midyear 2026 renewals are “expected to face more complex conditions globally,” Howden Re said. Marine, energy and political violence markets may see upward pricing pressure as reinsurers fully assess aggregations, Howden said. Property-catastrophe lines will depend mainly on first – half loss activity as well as macro factors including energy pricing and inflation. “A sustained energy supply shock raises the risk of renewed inflationary pressure and higher interest rates, dynamics that have historically affected reinsurance capital and pricing across all lines, not just those directly exposed to the conflict,” David Flandro, head of industry analysis and strategic advisory at Howden Re, said in the report. 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