Reinsurance News
Casualty reinsurance
Casualty reinsurance provides insurers with protection against large, unexpected losses from liability-based risks.
Casualty lines of business include claims arising from legal responsibility for injury or damage to others, including auto liability, medical malpractice, D&O (Directors & Officers), as well as product liability, errors and omissions (E&O), and many more niche liabilities.
The casualty reinsurance market is a significant component of the global reinsurance market and its risks have a far longer-tail than many catastrophe or specialty lines.
As such, casualty reinsurers are highly specialised and the casualty market also makes use of run-off and legacy reinsurers, to enable them to gain finality on elements of their casualty reinsurance portfolios.
Read all our casualty reinsurance news below.
Property cat ROEs ‘still very attractive’, rate declines not always across the board: Arch CEO
5th August 2025
Bermuda headquartered insurance and reinsurance company, Arch Capital Group Ltd., expanded its property catastrophe reinsurance writings, particularly in Florida, during the second quarter of 2025, and Chief Executive Officer (CEO), Nicolas Papadopoulo, believes that ROEs in the line remain "very attractive." Group-wide, Arch expanded its gross premiums written (GPW) by ... Read the full article
Peak Re NA launch shows ‘our commitment to expanding into key global markets,’ says CEO Hahn
28th May 2025
Hong Kong-based reinsurer Peak Re has launched and had rated a new North American underwriting entity, Peak Reinsurance North America Ltd. (Peak Re NA), domiciled in Bermuda, demonstrating the company's commitment to growing its footprint in key markets around the world. Peak Re NA is licensed as a Class 3B insurer, ... Read the full article
Aon and Moody’s expand reinsurance casualty collaboration
19th May 2025
Global insurance and reinsurance broker Aon has expanded its reinsurance casualty collaboration with Moody's Insurance Solutions into commercial risk. Building on the initial success in casualty reinsurance, the collaboration will now deliver insights on climate casualty and other emerging risks, risk mitigation strategies, and excess casualty named-peril products for commercial insurance ... Read the full article
AIG ‘grateful’ for partnerships after ‘very strong’ Jan 1 2025 reinsurance renewals: CEO Zaffino
12th February 2025
Global insurer AIG had another strong renewal season at 1.1 2025, with Chairman and Chief Executive Officer (CEO), Peter Zaffino, stating that since the reinsurance sector's major reset at the January 2023 renewals, the firm's consistency, strategy, placement, and execution has positioned it "very favourably." Zaffino discussed the primary insurer's 1.1 ... Read the full article
Property cat rates still above what Everest needs to deploy in most markets: CEO, Williamson
4th February 2025
Despite property catastrophe reinsurance prices falling between 5% and 15% for loss free programmes at the January 1st, 2025, renewals, Jim Williamson, President and Chief Executive Officer (CEO) of Bermuda-based carrier Everest, has said that overall, rates are still above what's required for the firm to have appetite to deploy ... Read the full article
W. R. Berkley CEO bemoans sluggish casualty reinsurance market as book shrinks 15%
29th January 2025
W. Robert Berkley, Jr., President and CEO of insurer W. R. Berkley, has expressed his disappointment with the reinsurance market's sluggish response to social inflation and other challenges, arguing that a lack of discipline is preventing the casualty market from achieving appropriate risk-adjusted returns. Berkley’s concerns are reflected in the reduction ... Read the full article
There are lingering questions about long-term profitability of casualty business: Vickers, Gallagher Re
28th January 2025
In a recent video interview with Reinsurance News, James Vickers, Chairman of Gallagher Re’s International division, discussed the current state of the casualty reinsurance market, addressing key issues like pricing and capacity constraints. Vickers pointed out that while improvements have been made in terms of ... Read the full article
U.S. casualty reserve development the biggest wildcard for reinsurers in 2025, say analysts
27th January 2025
Moody's insurance executives have identified U.S. casualty reserve development as the biggest wildcard for reinsurers in 2025, according to analysts at TD Cowen. Based on conversations with Moody's regarding their property & casualty outlook for 2025, TD Cowen stated that the rating agency anticipates the reinsurance industry's recent strong profitability will ... Read the full article
Travelers increased casualty reinsurance coverage at lower attachment point at Jan 1: CFO Frey
24th January 2025
U.S. insurer Travelers enhanced its casualty reinsurance program at the January 1st, 2025, renewals, purchasing more protection at a lower attachment point on the back of strong interest from the market, confirmed Dan Frey, the firm's Chief Financial Officer (CFO). Travelers released a very strong set of results for the ... Read the full article
Capital supply was sufficient to meet demand for most placements at 1.1 casualty renewals: Howden
10th January 2025
Differentiation was a key focal point leading up to the 1.1.2025 casualty reinsurance renewals, however, whilst there was a considerable focus on litigation risk and loss cost trends in the US, outcomes were reportedly determined by loss experience, underlying rate change and reserve development on individual portfolios, according to broker ... Read the full article
AM Best maintains positive reinsurance sector outlook amid tailwinds in property
20th November 2024
Despite losses from hurricanes Helene and Milton in the second half of the year, underwriting profit margins remain strong for reinsurers and 2024 is poised to be another solid year for the sector, leading ratings agency AM Best to maintain its positive outlook for the global reinsurance industry. AM Best ... Read the full article
Reinsurance News Monte Carlo Executive Roundtable
29th October 2024
The Reinsurance News Monte Carlo Executive Rendezvous Roundtable took place at the 66th edition of RVS in September 2024 and featured insightful discussions on the reinsurance market as we head towards the key January 2025 renewals. In partnership with BMS Re and PwC, the 2024 Reinsurance News ... Read the full article
Reinsurance market participants divided on price movements at Jan ’25 renewals: Fitch
25th September 2024
Reinsurance market players are divided on whether price increases at the key January 1st renewals will be strong enough to properly account for increasing loss trends in the property catastrophe space, although Fitch Ratings expects reinsurers to maintain their strong profitability in this line of business. The global rating agency has ... Read the full article
Ledger Investing funds and launches new $100m casualty sidecar
24th September 2024
Ledger Investing, an insurtech and insurance-linked securities (ILS) focused venture-backed company, has successfully funded and launched a new casualty sidecar facility, designed to provide up to $100 million of capital to finance the casualty reinsurance business of a global reinsurance firm over three underwriting years, and on a quota share ... Read the full article
US casualty the elephant in the room: S&P
8th September 2024
Although S&P Global Ratings had many positive things to say about the reinsurance sector at its recent briefing in Monte Carlo, Senior Director Taoufik Gharib urged the market not to forget about the major risk posed by the US casualty space. "US casualty is the elephant in the room," Gharib said ... Read the full article
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