US severe convective storm (SCS) losses have continued to rise in both frequency and severity over the past two decades, becoming a defining driver of volatility within property portfolios. As carriers operate in a softening primary market, the challenge remains balancing growth with profitability while maintaining resilience against increasingly complex risk dynamics.
In this environment, disciplined portfolio construction, effective risk selection, and a clear view of exposure are critical. Gallagher Re's latest whitepaper, featured in the Q1 Natural Catastrophe and Climate Report, explores the structural drivers behind rising SCS losses and outlines how portfolios can be better positioned through underwriting, capital, and reinsurance strategies.
Our latest whitepaper explores these dynamics, as well as key insights into US SCS risk, including:
- Applying risk selection strategies to avoid adverse selection and improve portfolio quality
- Managing aggregation to optimize capital efficiency and reinsurance outcomes
- Strengthening the view of risk through more informed use of catastrophe models
- Assessing evolving market dynamics and access to reinsurance capacity
- Identifying practical approaches to managing SCS-driven volatility