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The biggest riser in this year’s Allianz Risk Barometer was climate change. -
Supply generally exceeded demand and trading relationships were ‘strong’, CEO Tom Wakefield said.
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As 2024 draws to a close, we reflect on the events of the year for the London market.
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The former CEO will also serve as executive managing director within Aon’s reinsurance solutions business.
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Tillett succeeds Michela Moro who is returning to Italy, according to Allianz.
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Cyber is more in the one- or two-year loss development camp, the Lloyd’s CUO said.
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Cybersecurity basics could reduce cyberattack costs by up to ~75%.
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Sources agreed that to achieve growth, the focus is shifting from the US to SMEs in Europe.
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The market grew at a rate of 32% annually from 2017 to 2022.
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Envelop Underwriting will bring all the firm’s underwriting into one framework.
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D&O and D&F are also facing increased competition, but property remains price adequate.
