Liability market

Aon sees competitive global casualty market in most segments

The global casualty market is broadly competitive with ample capacity and moderate conditions in most segments and lines of business, according to Aon. In its report, “Q3 2024: Global Insurance Market Overview”, the broker said the main exceptions are US casualty and US-exposed international casualty, where insurers remain cautious due to loss trends and social inflation. “Until there is robust legal reform in the US, we expect that insurers will continue to tread carefully in tort exposed lines,” said Aon.