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A $30bn industry loss would use one-third of Big Four’s 2025 cat budgets. -
The reinsurance attaches at $7bn, unchanged for the past two years.
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Robin Hamilton has been appointed head of energy and marine liability.
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Market softening means exploiting hardening niches is the name of the game.
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Sources say the Fair Plan is under-reserved, leading to the possibility of member assessment.
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The association has published a six-point plan to lessen red tape on brokers.
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The members’ agent said 2024 will still be a profitable year for Lloyd’s.
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Several Marsh energy staff have defected to WTW over the past 18 months.
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By March, firms must be able to show they can remain within impact tolerances.
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Aon is in hiring mode following the departure of several senior brokers to Howden Re.
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The carrier is the largest writer of homeowners’ multi-peril in the state.
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Losses are likely to fall within syndicates’ loss budgets, it said.
