Swiss Re cuts new US liability underwriting appetite amid legal abuse
Swiss Re says it has zero appetite for underwriting new liability business, especially in the US, citing escalating legal system abuse that targets corporate “deep pockets” through lawsuits. P&C reinsurance chiefs note 2025 US commercial liability losses of $174bn and say third-party litigation funding is a key driver, leaving them unwilling to expand their US liability footprint while keeping existing coverage.