Good news for the industry this week; commenting on the latest research from the Swiss Re Institute, Jérôme Haegeli, Swiss Re’s group chief economist, said “The global economy has surprised on the upside, which should drive more demand for insurance.” In AM Best’s ranking of top global insurance brokers, Gallagher pushed WTW down the rankings as it took 3rd spot.
Swiss Re: major economies ‘robust’; set to drive insurance growth (Source: Global (Re)Insurance)
According to Swiss Re Institute’s annual World Insurance sigma report, non-life premium volume is forecast to build on the 3.9% growth achieved in 2023, reaching $4.6trn in 2024 and $4.8trn in 2025.
Marsh McLennan still top, but Gallagher now world’s third largest insurance broker (Source: Reinsurance News)
AM Best has revealed that Marsh McLennan remains the biggest insurance broker by revenue, increasing its growth by $2 billion compared to the previous year. There were also 3 newcomers to the rankings.
Lloyd’s launches Inclusive Futures Coalition to Promote Market Inclusivity (Source: Insurtech Insights)
The Coalition of market firms and delivery partners is part of the ambition to support Black and ethnically diverse individuals from education to executive leadership. Three of the flagship initiatives include higher education bursaries, an early careers talent pool and a board talent pool.
OneAdvent’s new partnership with Solace Global Risk to bolster it’s A&H hostile territory product offering (Source: OneAdvent)
One Advent, the specialist MGA services platform, has today announced a new partnership with risk management and security services company, Solace Global Risk. The link up will provide a holistic insurance and risk management offering to clients within its A&H MGA.
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