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Lockton Re, the reinsurance business of the world’s largest privately held independent insurance broker, today launches a new report - An Inflection Point in the US Casualty Reserving Cycle, which discusses trends that indicate we may be close to turning the page on additional reserving for recent soft market years in US Casualty (Re)insurance as an industry. New Lockton Re Report: An Inflection Point in the US Casualty Reserving Cycle - Highlights Potential End to Material Adverse Development in Casualty Lines for Calendar Year 2025

New Lockton Re Report: An Inflection Point in the US Casualty Reserving Cycle - Highlights Potential End to Material Adverse Development in Casualty Lines for Calendar Year 2025

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New York, November 4, 2024 – Lockton Re, the reinsurance business of the world’s largest privately held independent insurance broker, today launches a new report - An Inflection Point in the US Casualty Reserving Cycle, which discusses trends that indicate we ...
Read moreNew Lockton Re Report: An Inflection Point in the US Casualty Reserving Cycle - Highlights Potential End to Material Adverse Development in Casualty Lines for Calendar Year 2025

An Inflection Point in the US Casualty Reserving Cycle – Highlights Potential End to Material Adverse Development in Casualty Lines for Calendar Year 2025

In this report on the US Casualty reserving cycle, we explore how material adverse development from prior years is likely to abate for calendar year 2025. After extensive reserve strengthening over the past five years, evidence suggests that (re)insurers will largely be through the adverse development from the soft market block of Accident Years (AYs) 2014-2019 in the Other Liability lines. While there is more uncertainty in recent years, our perspective is that the 2020-2023 AY hard market block is more likely to develop favorably than unfavorably in these lines based on a number of factors.In this report on the US Casualty reserving cycle, we explore how material adverse development from prior years is likely to abate for calendar year 2025. After extensive reserve strengthening over the past five years, evidence suggests that (re)insurers will largely be through the adverse development from the soft market block of Accident Years (AYs) 2014-2019 in the Other Liability lines. While there is more uncertainty in recent years, our perspective is that the 2020-2023 AY hard market block is more likely to develop favorably than unfavorably in these lines based on a number of factors.

Lockton Re Brings on Debbie Goldstine as Chief Growth Officer to Support Global Acceleration

Lockton Re, the reinsurance business of the world’s largest privately held independent insurance broker, is pleased to announce that Debbie Goldstine is joining Lockton Re as Chief Growth Officer, Global Partners. Debbie will be based in Chicago, working with clients, markets and colleagues globally.Lockton Re, the reinsurance business of the world’s largest privately held independent insurance broker, is pleased to announce that Debbie Goldstine is joining Lockton Re as Chief Growth Officer, Global Partners. Debbie will be based in Chicago, working with clients, markets and colleagues globally.

Rachel Cohn to join Lockton Re to Lead New International Casualty Fac Practice

Lockton Re, the reinsurance business of the world’s largest privately held independent insurance broker, is pleased to announce that Rachel Cohn will be joining Lockton Re as a Senior Broker to head up the International Casualty Facultative Practice later this month. The practice will form part of the existing International Property & Casualty division in London.Lockton Re, the reinsurance business of the world’s largest privately held independent insurance broker, is pleased to announce that Rachel Cohn will be joining Lockton Re as a Senior Broker to head up the International Casualty Facultative Practice later this month. The practice will form part of the existing International Property & Casualty division in London.
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