U.S. Casualty: Storm Clouds on the Horizon

Contributor: Dick Sanford, EVP and Head of Specialty Casualty, PartnerRe U.S.; David Durbin, SVP and Head of R&D and Risk Modeling, PartnerRe U.S.; Wayne Hommes, EVP and Risk and Capital Management, PartnerRe U.S.; Tom Smith, SVP, and Head of Actuarial Pricing, PartnerRe U.S.
Date: 8/31/2009
Higher capital costs, low interest rates, the looming threat of inflation and the potential rolling back of U.S. tort reforms can be individually problematic for long-tailed casualty lines of business. Collectively their occurrence can be market changing – and not for the better. Indeed, the potential confluence of these factors looks like they’re building up into a potential re/insurance version of “the perfect storm”.
Tags: Property, Casualty, U.S.