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Reinsurance property-rate decreases continue at renewals: Gallagher 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-rate decreases continue at renewals: Gallagher Re by Matthew Lerner Agents and Brokers , P/C Insurers , P/C Pricing , Property , Reinsurance Asia-Pacific , India , Japan Aon , Arthur J. Gallagher & Co. Apr 1, 2026 April 1 reinsurance renewals saw property rates showing continued softness similar to January 1 while casualty markets remained cautious and more stable. Abundant supply and a largely loss-free environment led to double-digit property rate decreases in many geographies, according to a report Wednesday from Gallagher Re. In a separate report Wednesday, Aon said global reinsurance capital had reached a record $785 billion. The record capacity helped drive double-digit reductions across property markets, Aon said. The broker also said that global reinsurance demand increased 10% at April 1 renewals and some cedents bought increased limits opportunistically into the property rate decreases. Loss-free Japanese cedents with no catastrophe exposure saw property rate reductions between 15% and 17.5% while cat-exposed properties saw rate down 5% to 15%, Gallagher Re said. In India, loss-free, cat-exposed property and loss-free cedents with no cat exposure were down 10% to 20%. The Philippines saw loss-free, cat-exposed property down 15% to 18% while loss-free cedents with no cat exposure saw rates down 11% to 22%. South Korean property insureds that were loss-free with no cat exposure were down 15% to 25% while loss-free, cat-exposed property was down 10% to 15%, all according to Gallagher Re. Alternative capital heightened competition in property markets. “A sharp increase in alternative capital also expanded balance sheets and intensified competition, driving buyer leverage,” Aon said. Reinsurers took a “measured” approach to casualty reinsurance as concerns about loss trend and prior-year development persisted. “Recent accident year performance remains a critical focus as results materialize,” Gallagher Re said. Japanese casualty cedents saw risk adjusted increases of 2.5% to 5.0% on general liability excess of loss coverages. Similar U.S. accounts saw rates flat to up 5%. Related News Musk must face class action over late disclosure of Twitter stake: Court April 1, 2026 Hailstorms drive convective storm losses: Allianz March 31, 2026 Reinsurance property renewals continue softness: Howden Re March 31, 2026 Medical provider networks tied to lower comp costs, faster care: WCRI March 31, 2026 Alaska high court revives comp mental distress, retaliation claims March 31, 2026 War risks insurers win bid to appeal UK ruling on jets lost in Russia March 31, 2026 North American Risk Services names former Johns Eastern exec comp head March 31, 2026 Wisconsin governor signs comp bill March 31, 2026 Cue the claim form March 31, 2026 Facebook-f X-twitter Linkedin-in Business Insurance is a singular, authoritative news and information source for executives focused upon risk management, risk transfer and risk financing. 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