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The broker said that businesses not investing in AI capabilities would be left behind. -
Lloyd’s hopes to protect healthy pricing, but focus is on broader structural market shifts.
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CUO Rachel Turk said some syndicates were showing a “mismatch” in ambition and strategy.
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Sources warned of the erosion of underwriting margins after a string of strong years.
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The combined ratio improved by 0.5 points to 75.7%.
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The insurance commissioner said the carrier has not shown the need for price increases.
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The event now includes a casualty portion and has officially been re-branded as the Property and Casualty Symposium.
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Guy Carp CEO Dean Klisura said LA wildfires could slow rate reductions at 1 April.
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Panellists discussed the softening market, and what would flip the switch on rates.
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Market softening means exploiting hardening niches is the name of the game.
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It has been a “good” bad renewal for cat reinsurers, with attachments likely to endure in the medium term.
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In part two of our 2025 outlook, we explore the drivers of carrier M&A and recreating the ESG agenda.
