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Property renewal rates soften faster in Q2 2026 as terms improve
CRC Group said June 1 property renewals brought rate reductions of up to 25% for well-performing, loss-free accounts, even as renewal rates declined 8.8% to 13.3% month over month in the first half of 2026.
CRC Group, an independent wholesale specialty insurance distributor, said its Property REDY Index for Q2 2026 shows property renewal rates continued to soften at an accelerated pace.
In the first half of 2026, average renewal rates fell by between 8.8% and 13.3% month over month, compared with monthly declines of 1.5% to 5.5% during the same period in 2025.
CRC said the reinsurance backdrop remains supportive, with global reinsurance capital at about $790 billion at mid-year and demand relatively stable, while first-half global catastrophe losses of roughly $38 billion stayed below the 10-year average.
Beyond pricing, CRC noted competitive pressure is extending into coverage, with buyers seeing higher available limits, lower deductibles, and broader policy terms, and it cited June 1 property catastrophe renewals delivering rate reductions of up to 25% for well-performing, loss-free accounts.