casualty insurance News

Global Q1 Commercial Insurance Rates Drop 3%, but US Casualty Bucks the Trend

Global commercial insurance rates fell 3%, on average, in the first quarter of 2025 following a 2% decline in Q4 2024, according to the Global Insurance Market Index published quarterly by insurance broker Marsh. The Q1 2025 commercial rate decline …

Casualty Reinsurance Capacity Is Plentiful but Availability Crisis Could Be Looming

Reinsurers continued to provide ample casualty reinsurance capacity through the recent January 2025 renewal season – despite concerns about adverse reserve development — however, an availability crisis could be looming, AM Best cautions. In a new report, AM Best points …

Casualty Reinsurance Still Attractive: Arch Capital CEO

While writing primary casualty insurance is more appealing than writing casualty reinsurance, the chief executive of Arch Capital said casualty reinsurance business remains attractive for his company. Speaking during an earnings conference call on Feb. 10, after reporting $3.5 billion …

Global Commercial Insurance Rates Drop in Q4 for 2nd Consecutive Quarter: Marsh

Global commercial insurance rates fell 2% in the fourth quarter of 2024 following a 1% decline in Q3 2024 – marking the second consecutive quarterly decrease following seven years of rising rates, according to the Global Insurance Market Index published …

Quantifying Social Inflation: How Swiss Re Developed an Index

Swiss Re Institute (SRI) made a significant contribution to the literature on social inflation and its impacts on insurers, reinsurers and their customers with the calculation of a new measure—a social inflation index. (Related article: US Nuclear Verdicts Break Records …

Global Commercial Insurance Rates See 1st Quarterly Decline in Seven Years: Marsh

Global commercial insurance rates fell 1% in the third quarter of 2024 from the previous quarter, which marked the first time the index has recorded a quarterly decline since the third quarter of 2017, according to the Global Insurance Market …

US Nuclear Verdicts Break Records and Drive Social Inflation to 7% in 2023: Report

Nuclear verdicts in the United States are breaking records with 27 court cases each awarding compensation of more than US$100 million during 2023, according to Swiss Re executives. Social inflation in US rose to 7% in 2023 – a 20-year …

Aspen and Allianz’s PIMCO Launch Casualty-Focused Reinsurance Vehicle

Aspen Insurance Holdings Ltd. and PIMCO Investment Management Co. announced the formation of Pando Re Ltd., a Bermuda-domiciled collateralized re/insurer focused on casualty business. Under a long-term agreement, Aspen will be the sole cedent to Pando Re and PIMCO will …

Worst Is Over: Most of Casualty Reserve Hole May Be Filled, Analyst Says

Predictions that the property/casualty insurance industry is in the midst of repeating the type of loss reserving cycle that accompanied the hard market of the beginning year of this century may be overblown, according to an analyst. In fact, William …

Markets/Coverages: Vantage Risk Introduces U.S. Primary Casualty Insurance

Vantage Group Holdings Ltd., the Bermuda-based insurer and reinsurer, is offering U.S. primary casualty in addition to its existing Bermuda and U.S. excess casualty products, continuing the company’s expansion of specialty insurance capabilities. Vantage said its new U.S. Primary Casualty …