Reinsurance Pricing Expected to Soften
Despite recent large catastrophe events, such as Hurricanes Helene and Milton, and the Los Angeles wildfires, reinsurance sector capacity continues to grow, leading to softer prices, according to J.P. Morgan.
Reinsurance prices have been declining over the past two years and we expect them to drop further with 1/1/26 renewals given limited cat activity during hurricane season (thus far)
Property catastrophe prices declined 5-15% with January 2025 renewals, and J.P. Morgan anticipates an even sharper drop with 1/1/26 renewals, barring significant cat losses.
- Hurricanes Helene and Milton
- Los Angeles wildfires
- 5-15% decline in property catastrophe prices
Author's summary: Reinsurance prices to soften further.
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