| Trend | Range | |
|---|---|---|
| Product recall |  |
Flat to +5% |
U.S. marketplace update
Recall and contamination throughput:
- Long-standing relationship and good loss experience: Flat to +5%
- Marginal to poor loss experience: +10% and higher
Pricing remains stable with the occasional reduction provided by the incumbent to avoid marketing. Incumbents have been shown to be more aggressive to longstanding and loss-free accounts.
London marketplace update
Recall and contamination throughput:
- Long-standing relationship and good loss experience: +5% to +10%
- Marginal to poor loss experience: +10% and higher
The London market continues to be a harder market compared to the domestic U.S. market.
Market capacity update
- S. capacity has continued to increase over the past five years.
- New MGAs have been introduced to stabilize capacity in the recall market.
- New markets include:
- Upland specialty
- Euclid
Recent recall loss update
- According to Segdwick’s U.S. recall index report, 2,454 product recalls were recorded in the automotive, consumer product, food and drink, medical device, and pharmaceutical industries in 2024. If the pace of recalls continues, the figure will reach a six-year high.
- FDA & CPSC have confirmed recalls have increased over 115% since 2018,
- Recent large losses in the market include:
