The balance of power in the reinsurance market is shifting back to buyers ahead of the 1st January 2026 renewals, according to Antares Global chief executive officer Mike van der Straaten.

“We anticipate stability in the reinsurance market, with reinsurers aiming to maintain pricing discipline,” he said. “As capital availability expands, cedents may benefit from modest improvements in terms – particularly for non-peak zone risks – though sustaining price adequacy will be more challenging in a competitive environment.”

Van der Straaten says the property retrocession market is already favourable to buyers after sharp price falls in 2025, with capacity from both traditional reinsurers and alternative capital. “Overall, conditions point to competitive pricing and accessible retro protection, with stable pricing and steady capacity expected in 2026 unless major catastrophes or capital withdrawals occur,” he said.

Casualty lines remain under pressure from reserve deterioration, while specialty classes such as aviation, cyber and political violence, demand tighter underwriting, clearer exclusions and better data sharing.

Looking ahead, Van der Straaten said persistent inflation, geopolitical instability and climate change will shape risk. “We at Antares remain stable and committed to our broker and client partners. We are in a positive mood, with a strong foundation to develop our business further and navigate the market conditions in the forthcoming years.”

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