Commercial P&C rates fell for ninth consecutive quarter, Marsh reports

On October 23, Marsh reported global commercial insurance rates fell 5% in Q3 2026: property declined 10%, while casualty rose 1%. U.S. composite rates fell 1%, with property down 10% and casualty up 6%. Greater capacity and improved reinsurance conditions contributed to softening, a pricing headwind for commercial insurers such as WRB.