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Insolvencies caused by the tariffs could also cause increased losses -
Marsh alleges Aon also went after its clients as well as its employees.
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SCS losses were also above average in Q1 due to “lingering” La Niña conditions.
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Insured losses were the second highest on record for the first quarter.
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California wildfires had ‘little or no impact’ on property cat pricing at April 1, Dean Klisura said.
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Guy Carpenter president Dean Klisura added that Q1 was a record cat bond issuance quarter.
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The growth figure represents a 5-point deceleration on the 9% reported in Q4 2024.
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Representatives from the UK broker have been ordered to appear before magistrates on 7 May.
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The UK broker is still in talks with Mubadala about a standalone investment in the business.
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Judith Zeleny brings over 35 years’ experience to the role.
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Technical pricing is insufficient in some areas and inflation is biting into margins.
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From where to prioritise investing to managing slower growth, there are tough balancing acts ahead.
