Casualty

US casualty “in the crosshairs” of reinsurers ahead of 2025 renewals: AM Best

Concerns around US casualty claims continue to cloud an otherwise positive outlook for the global reinsurance industry heading into 2025, according to AM Best’s latest market segment outlook.

KBW upgrades Swiss Re on US liability reserve strengthening

KBW has lifted its target share price for Swiss Re by more than 41 percent on the back of expectations that the reinsurance giant’s recent moves to strengthen US liability reserves will “mark the end” of investor concerns over social inflation.

Brit Re sets ~$50mn GWP targets for specialty and casualty treaty

Brit’s Bermuda platform Brit Re is set to expand into specialty treaty and casualty treaty in 2025 with ~$50mn first-year gross written premium targets for each line, The Insurer can reveal.

Managing global casualty exposures: challenges and solutions in international markets

As the reinsurance industry navigates evolving risks in international casualty markets, Axis Re's Simon Stirnemann discusses key challenges and opportunities, and effective strategies to address these complexities.

Lockton Re: Market nearing “inflection point” in US casualty reserving cycle

The US casualty reserving cycle is approaching an “inflection point”, with analysis by Lockton Re suggesting the trend of material adverse development in casualty lines is drawing to a close.

Volante in 2025 reinsurance push with Westfield hires while OTPP retrenchment continues

Lloyd’s syndicate Volante 1699 is set to expand into casualty and marine treaty reinsurance classes in 2025 despite the retrenchment of capital backer Ontario Teachers’ Pension Plan (OTPP), The Insurer can reveal.

HDI Global adds Arch’s Long as US casualty lead

HDI Global Insurance Company, the US subsidiary of international commercial insurer HDI Global SE, has appointed former Arch AVP Thomas Long as US casualty lead.

All eyes on Berger’s next move as Swiss Re addresses casualty reserving challenge…

Prior to the emergence of hurricanes Helene and Milton, the central talking point during this year’s conference season had been around casualty loss trends and the implications for upcoming renewals.

US social inflation: coming to a European country near you?

Social inflation is on the rise in the US, but it is less currently less problematic in the UK and the rest of Europe. Alex Smith of QBE Re explains how that could be about to change and how insurers can protect themselves from this emerging risk.

Insights into the casualty reinsurance market in Europe

Howden Re’s Wolfram Schultz on navigating the challenges facing the European casualty reinsurance market.

Nat cat in Europe: a market focused on disaster mitigation

Julien Mollinier, president of EMEA at TransRe, discusses the challenges and opportunities across the European property and casualty markets.

Casualty concerns, Helene-Milton and M&A on the agenda at Target Markets

More than 1,600 senior professionals from the programs sector head to Scottsdale, Arizona this weekend for the Target Markets 24 th Annual Summit to discuss the US casualty market, impact on property cat conditions from Helene and Milton, and M&A, among many other topics.

CIAB ILF 2024: The calm and then the storm

As the industry’s most senior executives descended upon Colorado Springs beginning late last week, early discussions at the CIAB event largely centred on the relative tranquillity of market conditions, ongoing casualty concerns, and the paucity of M&A and recap activity among privately held brokers.

WTW: Nuclear verdict concerns will drive continued high liability rate environment in 2025

The US liability market’s current high rate environment is expected to continue in 2025 as carriers respond to rising frequency and severity of nuclear verdict trends with price increases for high hazard umbrella and excess business well into the double digits according to WTW.

Axis adds Nationwide’s Posa and Everest’s Schillizzi to casualty underwriting team

Axis has bolstered its casualty underwriting team with two new hires, with John Posa joining from Nationwide as vice president of primary casualty and Anthony Schillizzi joining from Everest as senior vice president of US excess casualty.

US casualty concerns extending into international market

Casualty is dominating discussions among senior executives amid continued uncertainty over reserve adequacy and pricing levels, and while the issues are most apparent in the US, there are growing concerns about the international market too even if it remains broadly profitable.

Hannover Re’s Freiboth: Property valuations and casualty loss trends in focus for renewals

Hannover Re’s managing director for North America Axel Freiboth has said there must still be a focus on scrutinizing property valuations in underlying portfolios as well as casualty loss trends as he touched on expectations for the upcoming 1 January renewal.

Navigating challenges in the US casualty market

TransRe’s Keith Trigg and Tom Loverde discuss the challenges facing the US casualty market.

Scor’s Conoscente: Insurance industry must address under-pricing in property and casualty

Amid calls from brokers for reinsurers to provide lower-attaching property cat coverage and resistance to attempts to further cut ceding commissions on US casualty quota shares, Scor’s Jean-Paul Conoscente has said the industry must first address under-pricing at the primary level.

Bonanno joins Canopius as head of casualty in Bermuda

Canopius had continued to build out its underwriting management team in Bermuda with the hire of Joe Bonanno as head of casualty on the island.

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