Reinsurers absorb steepest midyear property-cat rate cut in decades
AM Best says property-cat pricing fell 16% at midyear renewals, the steepest such drop in decades, yet returns still beat a rising cost of capital.
August 18
The ILS & Reinsurance Desk 8 stories this week · 85 total
Reinsurer returns hold up as property-cat pricing slides
AM Best says tighter terms and higher attachment points have kept returns above the cost of capital for a third consecutive year, even as rate-on-line falls at its steepest midyear pace in decades.
Midwest derecho pushes 2026 storm losses past $35 billion
Gallagher Re and Aon estimate billions in losses from the August outbreak; in Illinois, a concentrated homeowners market decides where the claims land.
Conflagration modeling can add 40 points to wildfire risk scores
Cotality's 2026 report puts U.S. wildfire exposure at $1.4 trillion and finds the biggest blind spot in neighborhoods legacy maps call low risk.
Aon's Sidecar X puts $200 million behind transactional risk
A pre-committed facility with a 10 percent discount moves the sidecar label from collateralized reinsurance into M&A cover.