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ARTICLE · 15 NOVEMBER 2024

Liabilities: Smooth Sailing, But Hazards On The Horizon

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Casualty insurers face rising social inflation, increased claims costs, and specific U.S. market pressures. Preparing for renewals requires controlling premium costs, addressing ESG issues, and enhancing analytics.

United KingdomInsurance
Mike Newsom-Davis
Mike Newsom-Davis
Blake Koen
Blake Koen

In this article from the 2024 Energy Market Review Update, we examine the biggest concerns for liability insurers in 2025 and how to prepare for renewals with three key actions.

Casualty remains profitable

Standing on the bridge of the good ship Casualty, do conditions look set for a smooth passage through the forthcoming renewal season? This is certainly the case for international insureds, but for clients with U.S.-domiciled and U.S.-exposed risks, the waters remain somewhat choppy.

After seven years of consistent losses, positive underwriting results, and a return to underwriting discipline, have made for two years of profitability and stabilization in headline capacity.

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