DATASORA

CRC’s 2026 casualty note calls the E&S casualty market fragmented, not uniformly hard. Softening property has released capital into casualty, but excess auto keeps contracting and HNOA stays difficult.

• Overall casualty capacity is ample; deployment is uneven by class and account.
• Excess auto is still a layered, shrinking market.
• Strong casualty results are attracting investor interest — not uniformly into the painful classes.

Analyst note — Whitespace is not ‘casualty.’ It is auto, low-attach construction excess, and nuclear-verdict venues. Everything else is starting to see the property-capital overflow.

2026 commercial outlooks still put auto at +8% to +15% on driver shortage, BI severity, and nuclear verdicts. Cyber is forecast −5% to +10% — the residual of a soft market meeting AI-related claims.

• Auto is a capacity and severity problem, not a pricing-cycle leftover.
• Cyber’s range straddles zero; the center of gravity is still negative.
• D&O private/nonprofit is roughly −5% to +5% — orderly, not a hard market.

Analyst note — If you need a one-line whitespace map: auto in, cyber out. Construction excess sits with auto. Public D&O sits with cyber.