Casualty treaty | Insurance Insider US

The agency cited falling property rates and US casualty challenges.

It is understood that Salcedo will join Aon as P&C treaty head for Colombia and Ecuador.

One avenue for capital freed up by a softer-than-expected renewal could be more M&A.

The market was unphased by January’s record wildfire loss in Los Angeles.

Non-loss impacted major property program rates were down by up to 20% at the renewal period.

The pricing battle has been played out but the extent of new demand will only show up in 2026.

Several lines had price decreases, while growth in most sectors slowed from previous quarters.

Fontana 2.0 will encompass a more flexible investment strategy than the 2022 vehicle.

The Caymans-based reinsurer’s Q3 CoR was 86.6%, down 9.3 points YoY.

The Bermuda carrier brought a winding-up petition earlier in October.

The company’s stock fell nearly 9% as the market digested news of an ADC, renewal rights deal and reserve charge.

The appointments are aimed at offering a clearer team structure.

As both carriers and reinsurers deal with softening markets, all eyes are on hurricane-prone areas.

Reinsurer executives during a Aon reinsurer panel stressed that the industry worked hard on setting the right structure.

Sources said that the carrier has held preliminary talks with private debt investors.

The fundraising focus comes after it was acquired by The Baldwin Group in Q1.

Reinsurers and their cedants are feeling their books are in better shape, although the market is still uneven.

Rates will remain elevated in a period of structurally higher risk premia.

Supply for property outstrips demand, but the casualty market is “bifurcated”.

The CEO said the carrier will prioritise margin over top-line growth.

The vehicle will support Ascot’s casualty business in the US and Bermuda.

The executive left Lockton Re in June after almost six years.

Laure Forgeron has worked at the Swiss carrier since 2009 in numerous senior positions.

The changes affect operations in Switzerland, Bermuda and the US.

The broker built out Lockton Re’s US casualty and professional lines treaty book.

The firm expects to replace the volume with Innovations-channel business.

Hamilton also expects rising demand and stable supply for June 1 renewals.

Jack Kuhn, President of Westfield Specialty, discusses the shifting market cycles and changing landscape at RISKWORLD 2025.

The reinsurer also promoted Ethan Allen to chief program officer.

The only major product line to see rate increases was casualty.

The vehicle will take a quota share of all of the risks underwritten by Ryan Specialty’s MGA arm.

The executive has managed both casualty and personal lines reinsurance books.

The executive was Everest CEO from 1994 to 2013 and has served as board chair since 1994.

Instead, the reinsurer plans to write more casualty business through its innovations book.

Industry sources estimate the market to be around $3bn.

The firm projects losses from the fires at between $160mn-$190mn.