Gallagher’s Post

Major players like Lloyd’s and the Association of British Insurers (ABI) are optimistic about the collaboration to come under Prime Minister Keir Starmer’s new government #leadership. It’s promising to see the government’s commitment to drive growth, enhance financial resilience, and address climate change obstacles. We look forward to seeing how everyone will work together to manage risk and find innovative solutions to these major challenges being faced in the UK. #insuranceindustry

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It’s my industry! 😍 Re/insurance industry to play key role in stabilising society in uncertain times: Lloyd’s CEO The CEO of the specialist insurance and reinsurance marketplace suggested that 2024 is “ushering change” on all fronts, highlighting the ongoing military conflicts in Ukraine and the Middle East, technological paradigm shifts, and the ever-present climate crisis.

PFML legislation continues to evolve in 2024 to support the needs of today's workforce and to attract and retain top talent. View the latest edition of our State of the States to help you quickly identify new legislation and changes by state.

Sarah Marschok Sidman, Richard Coffman (he/him/his), and I just returned from the American Property Casualty Insurance Association (APCIA) Investment Conference. This year’s conference was extra special as Rich was awarded the “Rick Beard Friendship Award.” The Award is presented at the conference annually in honor of Cardinal Investment Advisors co-founder Rick Beard, whose life was tragically cut short, to an attendee who embodies his spirit of inclusion. Congratulations to Rich, who was also a friend of Rick Beard’s. Some key takeaways we heard from the sessions are: • #Inflation and pricing pressures remain high for P&C insurers • #Regulatory changes could continue to emphasize “fair charges for fair risks” • Geopolitical risks increase asset volatility and required investment returns; could #private investments benefit from historically lower price volatility? • The Fed and US economy will be influenced by the winning presidential candidate’s policies on key issues such as immigration • Private #commercial real estate valuations are at an inflection point; insurance companies are adopting a “wait and see” approach before increasing allocations

Gallagher Re 1st View: What a Difference a Year Makes. Property supply and demand has snapped back into balance, with returns for the first three quarters of 2023 exceeding reinsurers' increased cost of capital. Retained earnings, modest new capital raises, ample retrocession capacity and buoyant ILS markets combined to increase available catastrophe reinsurance limit. Casualty, notably but not exclusively US casualty, was no longer the valuable currency that was used to support property catastrophe capacity this time last year. Confidence in third party liability lines has diminished despite very significant increases in primary market pricing and limit reductions since H2 2019. In line with recent years, capacity for specialty lines remained buoyant, with coverage, not pricing being the main challenge. https://lnkd.in/eZYzDqeS

PFML legislation continues to evolve in 2024 to support the needs of today's workforce and to attract and retain top talent. View the latest edition of our State of the States to help you quickly identify new legislation and changes by state.

PFML legislation continues to evolve in 2024 to support the needs of today's workforce and to attract and retain top talent. View the latest edition of our State of the States to help you quickly identify new legislation and changes by state.

PFML legislation continues to evolve in 2024 to support the needs of today's workforce and to attract and retain top talent. View the latest edition of our State of the States to help you quickly identify new legislation and changes by state.

PFML legislation continues to evolve in 2024 to support the needs of today's workforce and to attract and retain top talent. View the latest edition of our State of the States to help you quickly identify new legislation and changes by state.