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Sources said the downstream energy market is unlikely to turn a profit in 2025. -
Marsh’s property book saw an average decline of 9% in Q1, a trend that appears to have continued through Q2.
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The claims specialist spent 30 years at Amlin before joining TFP.
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Plus the latest people moves and all the top news of the week.
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Gallagher, Marsh and Aon also faced sizeable outstanding premium payments as at Q4 2024.
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The late March storm caused extensive damage in southern Quebec and Ontario.
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The claim hits the downstream market following a loss-hit start to the year.
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The Australian carrier’s nat cat losses are A$200mn lower than its annual allowance.
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Ex-Tropical Cyclone Alfred has been the costliest event, with A$1.36bn in losses.
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The company said the reduction was due to years of steady improvements.
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The aerospace, energy and marine markets all sustained multiple significant losses in H1.
