Gallagher Re：2026全球临时再保险市场研究报告：转型中的市场（英文版）（29页）.pdf

1、Global Facultative Market ReportThe Facultative ViewA Market In Transition l January 2026 Table of Contents4Property3A Market In Transition26Global Specialty19CasualtyUS and Canada 5Latin America and the Caribbean 7Japan 9South Korea 11South East Asia/Singapore 13Australia and New Zealand 14Central

2、and Eastern Europe(CEE)15Dubai and the Middle East 16Nordics 17UK 18North America 20International and UK casualty 22Japan 24Energy 27The global facultative reinsurance market remains in a period of transition.After several years of recalibration,market conditions have now shifted into a softer phase

3、,with the January 2026 renewals marking a more decisive turn in that direction.This shift has been underpinned by abundant capital,expanding carrier appetite,improved technical results and a steady flow of new capacity.Over the next 12 months,these conditions are expected to create a more nuanced tr

4、ading environment one where opportunity and volatility coexist,and where the ability to interpret market signals becomes increasingly important.Pricing across most lines and regions has continued to soften,with reductions broadly consistent throughout the market.Differentiation is present but remain

5、s modest,reflecting a soft market rather than a structurally segmented one.Stronger risks supported by credible data,clear narratives and active riskmanagement practices have secured the most favourable outcomes,while more challenging risks have still benefited from the overall competitive backdrop.

6、These trends align with wider market observations of abundant capacity,strong reinsurer appetite and heightened competition for share.Property markets have experienced some of the most pronounced rate reductions,driven by strong global supply and expanding appetite from both traditional carriers and