Re/insurers
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The Inflation Reduction Act 2022 established new tax credits to incentivize investment in renewables. -
Despite predicting fewer hurricanes, the numbers are still above average.
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The broader legislation narrowly passed the Senate and now heads to the House.
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Additional buybacks are more feasible if P&C stocks slip and pricing moderates.
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PwC reported that deal volume decreased to 209 deals from 297, but values climbed to $30bn from $20bn.
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A deep-dive analysis shows LitFin is not the boogeyman this industry paints it out to be.
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Major insurance industry groups and companies have recently pressed lawmakers to include the provision.
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Marsh McLennan CEO Doyle dubbed legal system abuse a "tax” on US economy.
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With fee income less understood, a primary acquisition or merger could reset the narrative.
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Last week, TSR updated its forecast and is now predicting above-average storm activity.
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Wildfires resulted in heavy losses for insurers focused on HNW, personal lines and reinsurance.
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The executive has been with the firm since 2011.
