Chief of markets Patrick Tiernan has said Lloyd's will continue to push for underwriting discipline in 2025, with a focus on delegated authorities, certain casualty lines and managing distribution costs.
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 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’s Bermuda platform Brit Re is set to expand into specialty treaty and casualty treaty in 2025 with ~$50mn first-year gross written premium (GWP) targets for each line,
The unofficial theme of this year’s insurance conference season has been the ongoing crisis in the US casualty market.
MS Amlin is expanding its general liability offerings for SMEs through delegated markets as it seeks to avoid the effects of social inflation on the casualty sector, according to the carrier’s chief underwriting officer Martin Burke.
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.
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.
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),
Environmental risks such as PFAS and the concern they are causing admitted carriers is driving smaller businesses and their retail brokers to seek coverage in the E&S market through wholesalers, according to Sara Gundersen, EVP and head of E&S casualty at Sompo.
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.
One of the key takeaways from the recent Rendez-Vous de Septembre in Monte Carlo was the ongoing caution among reinsurers around casualty lines amid a complex risk landscape.
Munich Re Specialty – North America retains a strong appetite to support casualty-focused programs and MGAs even as it, and the wider industry, contend with rising loss cost trends fueled in part by legal system abuse.
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.
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.