Webinar: Beyond property – The coming casualty catastrophe market 2025

Mass litigation has surged across the United States in recent years, with high-profile cases involving talc, Roundup, PFAS and addictive software emerging at an unprecedented rate. Between 2016 and 2022, two to three new mass litigation events began each year. Looking ahead, climate-related lawsuits are likely to accelerate, and entirely new litigation categories – such as those targeting ultra-processed foods and microplastics – could soon appear. This evolving landscape means insurers are increasingly exposed to large-scale, correlated legal actions, heightening the risk of legacy claims and more frequent reserve adjustments.

The casualty insurance sector now faces a risk environment reminiscent of the catastrophe risks that transformed property insurance, leading to the development of catastrophe reinsurance markets and ILS. Moody’s estimates these challenges could result in a $5bn market opportunity for re/insurers. Join Insurance Insider, in partnership with Moody’s, for a free webinar at 10:30 EDT/15:30 BST on 30 September as we explore how innovative reinsurance solutions are being designed to help insurers manage the volatility of this new casualty risk era.

Discussion topics include

• Overview of the current casualty market and the rise of mass litigation.
• How insurers can better identify and quantify the risk of large-scale, correlated litigation events within their existing portfolios.
• How the emergence of new litigation areas – such as climate change, ultraprocessed foods and microplastics – might change the risk landscape for casualty insurers.
• How tools including run-off and clash covers could help mitigate losses.

Speakers

• Bob Reville, Head of Casualty Market Development, Moody’s
• Amanda Lyons, CEO of Aon Reinsurance Solutions Limited in Bermuda, Aon Reinsurance Solutions
• Shannon Totten, CPCU, Executive Vice President, Head of Excess Casualty Retail, North American Region