Shannon Totten Shares Her View on Trends in the Umbrella/Excess Casualty Market with The Insurer

May 10, 2021

Shannon Totten, SVP, Casualty Insurance Practice Leader, Bermuda says that last year had seen a much-needed “foundational pricing correction” in excess casualty that had been a long time coming.


In the article recently published by The Insurer, ‘Nuanced Umbrella/Excess Casualty Market Emerges as Rate Increases Begin to Ease, she added that the trend of reducing the average limit deployed reflected the need to recognize the impact of social inflation and an increasing average level of awards. “It’s more about $10mn to $15mn lines because certainly in the large account complex casualty space Bermuda plays in we are still in the cross hairs of social inflation, so the only way to reduce the volatility of your book is to reduce the line size,” she said.


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