KBW analysts foresee property cat softening faster than projected just a few months back
KBW: Property cat rate declines to approach 20% | | | KBW expects property cat rate declines approaching 20%, highlights retro vulnerability  A recent report from KBW analysts, following their semi-annual trip to Bermuda in anticipation of the January 1st renewals, indicates that the retrocession market continues to be more vulnerable to instability, with this instability contributing an additional layer of fragility to the broader reinsurance ecosystem. Commenting on the retrocession market, analysts said: "the relatively small size of the retrocessional reinsurance market adds an element of fragility to the broader reinsurance marketplace, since a relatively small number of retro players' changing views of profitability (following, for example, a significant unmodeled catastrophe loss) could upset dynamics that would likely ripple into the primary (i.e., non-retro) reinsurance market." On price expectations KBW's analyst team noted that due to the fact the January reinsurance renewals are looking to be later in signing terms, the average property catastrophe reinsurance rate decline at 1/1 2026 may be closer to 20%. Read the full story. Other articles: | | | | | | Please share this with colleagues and friends if you think they would like to receive it.
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