Abundant capacity and disciplined underwriting are giving buyers greater leverage over pricing and structure, though risk differentiation increasingly determines outcomes, according to Risk Placement Services.
Karen London, President, Specialty Casualty, QBE North America, discusses the evolution of the casualty market, the importance of underwriting discipline, and how QBE is building a specialty casualty platform designed for long-term stability and sustainable growth.
Excess casualty has moved beyond traditional hard and soft market cycles. Here’s how clients, brokers and risk managers can navigate a more complex landscape defined by severity, specialization and structural change.
The E&S market surpassed $100 billion in direct premiums written for the first time in 2025, but its growth rate fell to 7.8% — the lowest in eight years, according to S&P Global Market Intelligence.
Premium expansion moderates to 9.7% through Q3 2025, while fronting companies and new market entrants pursue aggressive expansion strategies, AM Best reports.
Premium growth of 13.2% at midyear 2025 reported by stamping offices reflects E&S industry’s expanding role as alternative coverage solution, the Wholesale & Specialty Insurance Association reports.
Average rate increases ease to 2.8% from first quarter’s 3% rise, with commercial property insurance showing improvement, according to Novatae’s Market Barometer.
Triple-digit growth among top fronting carriers and evolving reinsurance strategies signal promising future despite performance headwinds in key lines, Gallagher Re reports.
Surplus lines market shows robust growth in number of transactions and premium volume as complex risks drive demand, the Wholesale & Specialty Insurance Association reports.
When standard lines insurers pull out of states or risk, it often creates a gap in the insurance market. This is where the E&S market plays a crucial role.