Shutterstock.com_118721203/Stephen Finn
2 June 2026Reinsurance

The softening speeds at 6/1; capacity takes down much more than rate

The property cat softening accelerated at the 1/6 mid-year renewals, with heavy capacity opening doors to new structures, eased terms and lower layers, pushing the market to a viability threshold that could break by 2027, global reinsurance brokerage Howden Re has claimed.

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