We deep dive into the latest insights in commercial insurance on RiskCellar, uncovering Q3 2025's leading market developments. We spotlight Chubb's record-setting $2.26 billion underwriting profit and 81% combined ratio, a testament to disciplined underwriting and strategic focus on high-value home insurance, especially in competitive states like Texas. With property insurance rates stabilizing and sector appetites opening, the discussion highlights cautious optimism while navigating the turbulence of today's market.

The conversation turns to the evolving landscape of casualty insurance, where nuclear verdicts and third-party litigation financing present unprecedented challenges for carriers. We weigh in on the controversial cyber insurance space, particularly the ethical dilemma of paying ransomware, referencing the massive Land Rover supply chain hack that cost the UK economy $2.5 billion. Concerns over the insurance industry's role in possibly funding fraudulent and criminal activity remind listeners that risk extends far beyond underwriting spreadsheets.

Rounding out the episode, we examine industry consolidation, cat bond alternatives to reinsurance, and the push for state cost sharing to fight climate-driven disasters. Upcoming guests, defense attorneys Matthew Monson and Todd Kozakowski, will join future conversations to debate the impact and ethics of third-party litigation financing. Coupled with candid wine reviews and a preview of the London market's expansion, This is a must-listen episode for professionals seeking clarity in a complex commercial insurance world.

Takeaway List (6–8):

• Chubb achieved $2.26B underwriting profit & an 81% combined ratio in Q3 2025.
• Property insurance rates are stabilizing, with rising appetite in select regions.
• Nuclear verdicts and litigation financing continue to disrupt casualty markets.
• Cyber insurance faces scrutiny after the $2.5B Land Rover supply chain hack.
• Third party litigation financing raises ethical and legal questions.
• Wholesale brokers like RT Specialty are exploring London market expansion.
• Cat bonds and state-level cost sharing models are gaining traction as disaster solutions.
• Insurance tech firms like FreeFlow AI automate servicing and back-office work.

Chapters:

00:00 FreeFlow AI sponsor message

00:43 Episode start, hosts Brandon Schuh & Nick Hartmann

01:30 Wine reviews and insurance banter

03:00 Chubb Q3 2025 profits and combined ratio breakdown

06:00 Texas property insurance and market trends

09:00 Casualty insurance, nuclear verdicts, litigation financing

14:00 RT Specialty & London market speculation

16:30 Cyber insurance, Land Rover hack, criminal funding

21:00 Cat bonds & reinsurance alternatives

24:00 Climate disaster, state cost sharing

28:00 Upcoming defense attorney guests preview

32:00 Closing thoughts & wine recap

Connect with RiskCellar:

Website: https://www.riskcellar.com/

Brandon Schuh:

Facebook: https://www.facebook.com/profile.php?id=61552710523314

LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/

Instagram: https://www.instagram.com/schuhpapa/

Nick Hartmann:

LinkedIn: https://www.linkedin.com/in/nickjhartmann/