Can't rewire Cubase with Reason


When I try the rewire Cubase 8.5.15 with Reason 8.3.2 I get following error from Reason “Please check host” and Reason will not start.

I start Cubase first, empty Project, then start Reason, go back to Cubase, devices and try to connect “Rewire Reason” and it will not work…
I have contact Propellerhead and Steinberg both they blame on each other…

Some suggestions?

iMac 27" late 2013, 8Gb RAM El Capitain (latest update)
Audio interface Propellerhead Balance


Look for the rewire.dll and make sure it’s in the correct folder. One of the installs I did at some point had it somewhere that Cubase didn’t find.