-
Investors are still keen on UK broking – but they may expect more for their money.
-
Fragile supply chains are driving up costs.
-
Being underweight US casualty gives the firm more room than peers to manoeuvre.
-
Convective storms cost more than ever, but activity was not exceptional.
-
Rates have fallen on the back of reduced deal flow in 2023.
-
After rapid growth, can the ‘darling of European insurance’ maintain its lean style?
-
Sources said that the market was not sufficiently profitable to concede ground on pricing.
-
The 1 January renewals featured a significant shift away from mainstay quota share and aggregate coverage, with examples including Axis and Brit dropping specific stop-loss covers.
-
Key market participants hailed the narrowing of the gap between PV insurance and reinsurance, however said that more still needs to be done to fix the market.
-
Prices are surging as a result of heightened risk but coverage remains readily available for shipowners.
-
In the second part of our themes for 2024 outlook, we explore how fear of missing out in cat reinsurance is still contrasting with an upstreaming of risk that is creating fallout for primary insurers, while momentum in facilitisation and ESG continues.
-
In the first section of our two-part outlook for 2024, we explore why macro-economic concerns are taking a step back, though casualty pricing micro-cycles highlight ongoing caution.