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Annual growth in demand for tax insurance ranged between 25% to 40%, sources said. -
First-quartile 2023 performers will contract capacity by 5% in aggregate next year, according to our survey analysis.
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Lower inflation and a softer market outlook tempered aggregate growth expectations.
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Marine and energy were the busiest lines, driven by high competition for talent.
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A resurgence in IPO activity may help provide new business for underwriters and reduce competition.
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Lloyd’s has taken around 6% of aggregate US hurricane losses in recent years, and disclosed estimated net losses from Helene and Milton of $1.8bn to $3.4bn.
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The 2024 hurricane season stayed within predictions for high activity but lacked market-moving events.
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The market’s dearth of third-party managing agents is a source of tension among young syndicates.
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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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Helene losses were spread wider than initially suggested, in contrast to Milton claims.
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The 2024 event saw 80 speakers address an audience of over 350.
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Growth vs discipline, smart follow and M&A mean 2025 will be a mixed bag for London.
