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Attention is fixed on how competition will impact pricing in H2. -
CEO John Neal has ambitions to pull in more major insurers, E&S players and captives.
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Rate increases have accelerated further after major losses in 2023.
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Underwriters are pushing for rate rises, but competition is increasing.
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Strong reinsurance results have absorbed long-tail reserve charges.
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Investors are still keen on UK broking – but they may expect more for their money.
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Fragile supply chains are driving up costs.
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Being underweight US casualty gives the firm more room than peers to manoeuvre.
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Convective storms cost more than ever, but activity was not exceptional.
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Rates have fallen on the back of reduced deal flow in 2023.
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After HannoverRe announced a 2025 CEO transition, here is our last review on the company's successes and challenges ahead
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Sources said that the market was not sufficiently profitable to concede ground on pricing.
