How robust is the market today?
Bailey noted that in McGill’s reinsurance world, which is mainly London, Bermuda and US clients, clients and markets had a good year in 2024, which followed on from a strong 2023. Some ‘loss-affected’ Florida companies may see some knocks, he said, but that goes with their territory. “In the main, I think that the market is very robust at the moment and we’re not expecting any real changes, but it’s too early to tell given what happened at 1.1.25”