Reinsurers eye ‘least worst’ casualty lines as rates soften

As abundant capital forces further softening in property lines through 2026 and 2027, reinsurers able to easily move capital around could increasingly be drawn into writing more in the currently more attractive areas of casualty business – a “least worse” business line in these market conditions. But the consequence of that could mean initiating softening in what in those casualty lines that currently seem relatively well priced.