Aon: Reinsurers seizing opportunity to lean back into property catReinsurers are recognising the opportunity in leaning back into property cat following the rate rises and adjustment to terms and conditions that followed Hurricane Ian, according to Patrick Abbe, US regional and mutual strategic growth leader at Aon's Reinsurance Solutions.
Tort reform is lacking, legal system abuse is pervasive as is third-party litigation funding. Because of this, umbrella and excess coverage is experiencing a frequency of severityWTW discusses the two-tiered US casualty market
