Ahead of 1.1 renewals, Carrie Byler discusses the changing landscape of US Casualty reinsurance in Intelligent Insurer
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“AI should be used for ‘augmented’ decision making, not ‘automatic’ decision making.”
Intelligent Insurer spoke with Carrie Byler, Managing Director, Head of U.S. General Casualty at Howden Re, on the changing landscape of U.S. Casualty reinsurance.
In the interview, Carrie explains how rising rates, reduced limits, and the growing influence of data and AI are reshaping how carriers and reinsurers operate. She also highlights social inflation and litigation funding as critical challenges, with U.S. households paying an average annual $4,200 “tort tax.”
Carrie further discusses the influx of third-party capital, with Casualty ILS beginning to play a larger role in the market. For cedants and investors, the opportunity lies in diversifying capital sources and collaborating to shape the go-forward marketplace.
Looking ahead to 1.1 renewals, Carrie notes that cedants who can clearly articulate their strategy, demonstrate strong data quality, and show disciplined claims management will be best positioned to attract the most capacity on the more attractive terms.