In perhaps unsurprising news this week, WTW have announced their return to the treaty reinsurance broking market in a joint venture with Bain Capital. Swiss Re Institute’s latest research has revealed some unappetising stats in relation to nat cat events, reporting that insured losses will be over USD 100bn for the 5th consecutive year. John Neal, CEO at Lloyd’s has talked about the London market’s ‘superpower’ in meeting the needs of clients in an increasingly dangerous world.
WTW confirms return to treaty reinsurance broking market via Bain Capital joint venture (Source: Reinsurance News)
After its 2021 exit, the global broker “describes its re-entry into reinsurance as a strategic and thoughtful approach as it looks to enhance its business mix, stating that the new business will offer high growth potential as it scales”.
Hurricanes, severe thunderstorms and floods drive insured losses above USD 100 billion for 5th consecutive year, says Swiss Re Institute (Source: Swiss Re)
Nat cat events in 2024 are set to exceed USD 135bn in estimated insured losses according to the Swiss Re Institute. Set to be the hottest year on record, climate change is exacerbating the occurrence of floods, SCS’ and hurricanes, and increasing the devastating impact of these perils.
VIEW: On the part played by MGAs in the provision of insurance (Source: CIR Magazine)
Gillian Davidson, chair of GILC, and senior partner at Sparke Helmore shares why MGAs have such an important role to play in the insurance ecosystem.
London market has ‘superpower’ to meet client needs against growing risks – Neal (Source: Global Reinsurance)
Lloyd’s CEO John Neal has emphasised the ability of the London market to address emerging complex challenges in a recent conference speech.
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