Greater attention to systemic risks across the (re)insurance industry has underlined the need for an exposure management practice in liability lines, according to Verisk’s Eric Gesick, particularly in light of emerging exposure pathways around PFAS and climate change reporting.

CFC has strengthened its transactional liability offering with the introduction of a new excess insurance solution specifically designed for secondary transactions.

Ryan Transactional Risk, part of Ryan Specialty Underwriting Managers, has unveiled a raft of changes to its senior leadership team, including the appointments of current managing directors George Pearce and Rich Stansfield as global co-CEOs.

Pharma class actions, mounting PFAS litigation and the growth of collective redress outside the US are creating a challenging market for liability insurers, which are already grappling with “spiralling” claims costs as nuclear verdicts increase in number and size, according to Allianz Commercial.

CFC has appointed Janine Fenwick as its transaction liability practice leader for Asia Pacific.

Industry luminary Stephen Catlin has warned that some (re)insurance companies have a residual liability problem that could take up to a decade for them to shake out.

Swiss Re has added an additional $2.4bn to its US liability reserves in the third quarter of 2024, thereby missing its quarterly and full-year earnings targets.

Arch Insurance International has added public and employers’ liability insurance cover to its instant quote and bind platform, Arch IQ.

Bishop Street Underwriters has completed the acquisition of Navine Aggarwal-led Ethos Transactional from Ascot as the RedBird Capital Partners-backed platform continues to add entrepreneurial talent to build a diverse multi-line portfolio targeting superior underwriting results,

The increasing range and volatility of employer risks driven by shifting workplace cultures and issues around inclusion and sustainability will prompt an uptick in D&O and employment practices liability cover, a new report by Beazley has found.

Bishop Street Underwriters is close to agreeing a clean lift of the circa $140mn-premium Ethos Specialty transactional liability (TL) business from Ascot, with the Navine Aggarwal-led team expected to hold a meaningful equity position in the unit,

Los Angeles-based insurtech Counterpart has expanded its miscellaneous professional liability (MPL) product line with the addition of general liability (GL) insurance.

Pricing in the general liability (GL) and umbrella and excess liability segments continues to rise with rates flat to up 10 percent, according to Hub, while fellow broker Lockton has said the primary sector “remains predictable for most buyers”.

Lloyd’s underwriters should not infer forward-looking trends from casualty years during Covid as this does not accurately reflect loss developments related to social inflation, the Corporation’s CUO Rachel Turk has warned.

WR Berkley (WRB)’s Rob Berkley has urged further caution about the ongoing impact of social inflation and its impact on reserves even as his company booked modest favorable development in Q2 2024 while the executive pinpointed the auto market as a continued cause of concern for the industry.