KBW expects property cat reinsurance rates to decline 15-20% at 1/1
KBW analysts expect risk-adjusted property catastrophe reinsurance rates to fall by 15-20% during the January 2026 reinsurance renewal period, with overall declines expected to be closer to 20% in the relatively “late” season. KBW said the unchanged attachment points in each occurrence reflected the reinsurers’ generally sustained discipline. Reinsurers generally expect at least adequate performance…