Fears of insurability crisis as reinsurers reiterate tough stance on US casualty
Reinsurers have been spooked by so-called 'nuclear verdicts' and litigation financing in the US, which are driving the social inflationary environment and leading to an uptick in loss costs on primary insurers’ casualty books
Amid surging loss costs on primary business, senior reinsurance executives at the Rendez-Vous de Septembre warned of further cuts to their US casualty portfolios as the market continues to grapple with risk and pricing