Large commercial property rates fall 14.5% in Q2, sharpest decline in a decade

Large and complex commercial property rates fell an average of 14.5% in Q2 2026, the sharpest decline in a decade, according to a Willis report. Shared and layered programs saw average declines of 23.41%. The report also notes global insured catastrophe losses reached $107 billion in 2025, the sixth consecutive year above $100 billion.