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Annual growth in demand for tax insurance ranged between 25% to 40%, sources said. -
A resurgence in IPO activity may help provide new business for underwriters and reduce competition.
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The CEO was responding to comments made by Chubb’s Evan Greenberg.
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Overall, insurance rates fell by 1%, led by competition in property.
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Aon executive Daniele de Bosini said reinforced infrastructure had mitigated the impact of recent disaster events.
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The broker is discussing the potential for "smart frequency solutions" with reinsurers.
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European property cat rates stabilised and, in some cases, decreased this year following corrections in 2023.
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Continental cedants are looking for support for third and fourth events.
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CEO John Doyle said global property rates were down 2% versus flat in Q2.
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Contrary to expectations that US casualty would dominate the conversations, Milton took the spotlight.
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Space insurers are running at a near-200% loss ratio after booking losses of over $1bn in 2023.
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M&A levels have increased 23% year-to-date compared to 2023, according to Gallagher Specialty.
