Insider View: 'Wheels' and the US casualty market

Signs that hardening conditions in segments of the
"wheels" market are spreading to the reinsurance sector
might be seen as an early indicator of change in the broader US
casualty treaty market.
Margins are certainly squeezed across the board, and there was
evidence at 1 January that casualty cedes had plateaued and were
now under pressure in other segments of the marketplace.
Meanwhile, there has also been some evidence of increased
reinsurance demand from carriers with deteriorating portfolios