Excess casualty can harden to end-2025 as capacity remains jittery

Umbrella and excess casualty continues to be the market's tight spot going into the third quarter, with rates likely to rise 8 to 20% to year-end as carriers remain disciplined in the face of ongoing issues are social inflation, analysts at AJ Gallagher's wholesale brokerage and delegated authority unit Risk Placement Services (RPS) have said.