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Softening accelerates for property reinsurance rates at June renewals - 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 Softening accelerates for property reinsurance rates at June renewals by Matthew Lerner Agents and Brokers , Catastrophes , Insurance-linked Securities , Property , Reinsurance Howden Jun 1, 2026 Property reinsurance rate softening accelerated at June 1 renewals leading to decreases of up to 25% on loss free programs as demand for reinsurance increased. This compares with the 14.7% decline seen at January 1 renewals and the 16% drop at April 1, according to a report Monday from Howden Re. Record reinsurance capital, both traditional and alternative, tipped the market in favor of cedents, the report said. Reinsurance dedicated capital increased 11% to a record $648 billion in 2025, including $513 million in traditional capital and $135 million in alternative capital, Gallagher Re reported at the start of May. “Abundant traditional capacity and a catastrophe bond market on course for one of its largest first halves on record absorbed a meaningful increase in mid-year demand,” the report said. “The supply-demand balance shifted decisively in cedents’ favor with dedicated reinsurance capital at record levels, supported by growth in alternative capital.” Demand at June 1 renewals rose “significantly,” driven in part by policyholders exiting Florida’s Citizens Property Insurance Corporation, the state-backed insurer of last resort, leaving more cedents seeking reinsurance in the open market. Although the renewal negotiations went longer than usual, placements were completed with “capacity comfortably outpacing demand,” Howden Re said. Related News Louisiana bill on school assaults sent to governor June 1, 2026 Connecticut appeals court tosses $42M award over warehouse injury June 1, 2026 Wedding bells, vendor hells June 1, 2026 Gallagher Re announces program solutions leadership changes June 1, 2026 Bill to study undue delays in first responder claims heads to governor June 1, 2026 IAG reaches settlement in Greensill litigation June 1, 2026 Property and casualty market stabilizes after rate hikes: Report June 1, 2026 German specialist broker launches with private equity firm backing June 1, 2026 Aspen posts quarterly loss June 1, 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. Never miss important news: Become a Business Insurance Online subscriber today Subscribe Now Information About Us Contact Advertise Privacy Policy Terms & Conditions Copyright 2026. BUSINESS INSURANCE HOLDINGS Member, Beacon International Group, Ltd.
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