MMC · News · 20260901N

Competition and Pricing Pressure

MMC · 2026-09-01 · Importance 17 · Surprise 24

Moody’s maintained a stable outlook for the global reinsurance sector, citing strong balance sheets, improved reserve adequacy, and continued underwriting discipline. Property catastrophe reinsurance rates are expected to soften further at upcoming renewals as abundant capital increases competition. Despite pricing pressure, reinsurers are expected to retain high solvency ratios and relatively strong profitability, supporting market conditions relevant to Marsh McLennan’s Risk and Insurance Services segment.