Reinsurance rates fell in early 2026 due to excess capital, boosting insurers' leverage at renewal.

Reinsurance pricing softened in early 2026 due to abundant capital, giving insurers greater leverage at renewal, with property and casualty rates declining across major markets. Longtail Re, backed by Stone Ridge, grew its assets to over $6 billion by year-end 2025, expanding into legacy deals while emphasizing diversified casualty portfolios and integrated investment strategies. Bermuda’s market saw 10–20% rate drops for favorable property risks, while captives remained stable under new tax rules. Despite inflation and geopolitical pressures, insurers are focusing on disciplined underwriting, cyber insurance growth, and technology adoption to maintain profitability amid a competitive landscape.