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Lloyd’s hopes to protect healthy pricing, but focus is on broader structural market shifts. -
Island appetite remains stable, but early 2025 loss activity has injected fresh uncertainty.
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Navigating its path to global specialty growth will require operational dexterity.
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PIB’s broadened sale process is symptomatic of wider investor sentiment around brokers.
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Lloyd’s entry is a modest start for the London heavyweight but could be the beginning of something bigger.
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Aviation premiums have been described as “woefully inadequate” considering rising liability losses.
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WTW’s ownership of Miller may offer a cautionary tale for the US retail-London wholesale group structure.
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Heritage and history matter in people businesses, and the storied brand carries real equity.
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It has been a “good” bad renewal for cat reinsurers, with attachments likely to endure in the medium term.
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The CEO’s accelerated exit could cost momentum, and shortens Tiernan’s odds of succeeding.
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The strong deal multiple underscores the view of London as a “gateway to the world” for brokers.
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Rates are turning negative, and the balance of power is shifting towards the brokers.
