Efficiency, Technology, and M&A: Key Themes for 2025
In recent news, the CEO of a prominent insurance company was tragically shot dead in what authorities are calling a ‘targeted attack’ in New York City. This shocking incident has rocked the insurance community and left many wondering about the motive behind such a heinous act.
On a different note, Florida’s Citizens insurance may be shedding as many as 137,000 policies in 2025 following a record year in 2024. This shift in policy numbers could have significant implications for policyholders and the insurance market as a whole.
Meanwhile, Lloyd’s of London has reported that the re/insurance market is currently balanced enough to ensure stability in the first half of the year. This news should provide some reassurance to those in the industry and policyholders alike.
Additionally, California’s CEA has decided to let a $511 million reinsurance treaty go unrenewed, signaling a potential shift in reinsurance strategies in the state.
In more business news, Aviva made a bold move by offering £3.3 billion in cash and equity for Direct Line. However, this offer was quickly rebuffed by Direct Line, showing that the insurance industry is always evolving and shifting.
Antares also made some changes by restructuring its commercial leadership team in a push for growth, highlighting the importance of strategic leadership in the industry.
Convex’s Brand emphasized the importance of learning from mistakes and taking risks in order to achieve growth and success in the market.
Aviva made a second bid for Direct Line, sweetening the offer to £3.6 billion and securing the nod from Direct Line, showcasing the intense competition and negotiations that take place in the insurance sector.
Furthermore, QBE Re is in a growth mode and is focused on expanding its presence in the US property cat market, indicating the company’s ambitious goals for the future.
BMS made strategic moves by acquiring Price Forbes and Marsh in order to bolster its UK energy unit, showing the importance of strategic partnerships and acquisitions in the industry.
Hub also partnered with CyberCube to enhance its US risk analytics portfolio, demonstrating the growing importance of technology and data analysis in the insurance sector.
Lastly, AmTrust secured a delegated authority deal with Alps and transferred its landlord book, highlighting the ever-changing landscape of the insurance market and the necessity for adaptability.
Price Forbes also tapped into Aon’s expertise to strengthen its motor fleet team, showcasing the collaborative nature of the industry and the importance of leveraging specialized knowledge and skills.
