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Price Forbes expands Lectio follow facility to add casualty capacity
The facility's total premium scope rises to about $1.6 billion from roughly $350 million at launch in April 2021, with the update covering the US, Canada, and Australia.
Price Forbes added casualty lines to its cross-class follow facility, Lectio, as buyers look for more dependable capacity amid high loss costs and nuclear verdict exposure. The expansion is designed to give Price Forbes clients automatic follow access behind pre-approved lead insurers for casualty placements across the US, Canada, and Australia.
Lectio operates as a follow facility, meaning once a lead insurer prices and accepts an initial line on a risk, Lectio’s capacity follows automatically. The added casualty scope lifts Lectio’s total premium scope to approximately $1.6 billion, up from about $350 million when the facility launched in April 2021.
The move reflects stress in the US casualty market, where underwriting losses have persisted for 14 consecutive years, and the downturn has not ended as rates decline. Insurance Business also cited market data showing US casualty as the only major commercial line still increasing in Q2 2026, up 7%, while property, cyber, and financial lines softened.
According to the outlet, follow capacity on the lead layer is becoming harder to assemble, with the first $10 million of limit particularly constrained and requiring multiple carriers rather than a single lead. Dan Walsh, chief underwriting officer at Ardonagh Specialty, said the added casualty line helps Price Forbes offer long-term sustainable capacity through insurance cycles, noting that follow lines can dry up quickly when conditions tighten.