Reinsurers
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It is understood that Marsh brokered the tower, which is exposed to claims from a 2024 breach. -
Storms in the UK and Ireland drove losses in the commercial segment.
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Despite wildfires, reinsurers are “well positioned to maintain strong profitability in 2025”.
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P&C has strengths that will help it survive this crisis, but not without some pain.
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The prediction comes after a highly active hurricane season in 2024.
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The tariffs could expose insurers to the risk of recession and shrinking income.
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Markets have taken a battering across the globe following the “Liberation Day” announcement.
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The Gallagher Re executive called on the market to “prepare to grow sustainably together”.
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Colorado State University is predicting 17 named storms, nine hurricanes and four major hurricanes.
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Insurance share prices were resilient amid today’s market meltdown.
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The executive was named group CEO in January.
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Overall market capacity increased by 5.3% year-on-year, the broker reported.
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