CRC: Excess casualty growth and hardening to continue as recent accident years come into view

Published: Fri 1 Nov 2024

While 2024 could be categorised as a buyer’s market for property, casualty largely remained carrier-driven, with many classes experiencing another nine months of year-on-year price firming as underwriters focused on rate adequacy beyond trend in an attempt to counter rising loss costs, according to CRC Group’s Kristyn Smallcombe.