A hard market driving demand for wholesale capacity
The launch comes against a challenging backdrop for commercial transportation insurance. According to RPS’s 2025 Transportation Market Outlook, the cost to insure physical damage increased 18% in 2025 over 2024, while umbrella liability rose 12%, with auto liability increases ranging between 7.5% and 20% driven by settlement creep and rising litigation costs. New York, California, Texas and Illinois continue to see limited active market participants, while the casualty marketplace in New Jersey has been described as essentially non-existent due to high-frequency claims and increased minimum limit requirements.
