US casualty heads toward bumpy renewal: Fitch

Don’t mistake the very public handwringing by reinsurers citing their concerns around loss trends in US casualty lines with an ability to make meaningful changes to a line of business that remains profitable, for now, despite new capacity entering in recent years.

That is the view of analysts at Fitch. “We are seeing more focus on casualty given the levels already achieved in property,” Brian Schneider (pictured up), senior director for global reinsurance,  Fitch, told Intelligent Insurer.