All US casualty articles
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NewsNudo appointed US casualty reinsurance leader at Aon
Veteran reinsurance executive Nick Nudo takes on new leadership role to drive Aon’s US casualty strategy and product innovation.
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NewsNorthern Re targets Europe as collateralised casualty comes of age – McKelvy
Anthony McKelvy tells GR the Cayman and New York reinsurer is targeting European cedants for structured casualty reinsurance solutions.
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NewsMurphy to lead casualty practice at Howden US
Howden said its US retail broking unit brings “the power of a global broker with the independence, ownership, and entrepreneurial spirit of a local firm”
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NewsCasualty is a pain, not a crisis – Howden Re’s Flandro
Reinsurance broker’s head of industry analysis and strategic advisory, David Flandro says US liability stress is being offset across lines, while property cat sits in a market softening that could eventually find a floor as capital costs stay elevated.
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NewsRatings maintained after reserve strengthening at Everest
Reserve additions for US casualty business adding up to $1.7bn for Everest Group did not change its credit ratings for AM Best.
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NewsHowden at 1/1 heralds new phase in the cycle ‘past the pricing peak’
Risk-adjusted price reductions at January renewals included retrocession down 13.5%, D&F down 12.5%, global property cat down 8% and London market casualty XoL down 2%.
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NewsGallagher Re at 1/1: ‘tense’ casualty negotiations put onus on data; prop cat competition ‘responsible’
The reinsurance market is in a strong financial position at the 1/1 renewal, according to the reinsurance broker’s “1st View Report: Differentiation Rewarded” and an interview with Gallagher Re’s Chirag Shah.
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NewsSwiss Re strengthens US liability reserves by $2.4bn
The reinsurer made its “ad hoc announcement”, saying it would miss its combined ratio target for the year as a result, with third quarter net income of $0.1bn.
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News‘Inflection point’ reached in US casualty reserving – Lockton Re
Reinsurance broker’s paper highlights potential end to material adverse development in casualty lines for calendar year 2025.
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NewsUS casualty: Reinsurance is part of the problem – Munich Re
Reinsurers should ’stop fooling themselves’ about rate improvements in US casualty business, when this is being more than cancelled out by higher claims activity, Munich Re warned at its RVS 2024 briefing.
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News‘No signs of social inflation abating’ – Swiss Re
Drivers include societal trends, changing behavioural norms, greater use of the legal system, and “rapid growth in settlement awards”, says reinsurer’s chief economist, speaking at RVS 2024 in Monte Carlo.
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NewsThe state of the market – SCOR Global P&C’s Conoscente
North American casualty risks loom large, as do European secondary perils, despite a picture of price adequacy on US peak risks, warned the chief executive of SCOR’s property and casualty (P&C) reinsurance business.
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NewsHowden Tiger hires Byler to boost US casualty growth plans
Reinsurance broker Howden Tiger announces Carrie Byler has joined from rival Guy Carpenter.
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NewsSCOR rebalances book during ‘best market in decades’
Reinsurer further reduces exposure to natural catastrophe risks by 14% at 1 January
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NewsAXA XL names Sawyer head of US Casualty, Reinsurance
The seasoned reinsurance professional joins from SiriusPoint where he was global head of Casualty
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NewsLM Re taps AXA XL for senior casualty underwriter
Alice Sharman is responsible for underwriting LM Re’s US casualty treaty portfolio, based in London
