Hard market to be extended by Ukraine, inflation & supply chain disruption

By 2nd May 2022 March 21st, 2023 News, Russia-Ukraine Conflict

Interviewed by the FT recently, industry leaders seem to agree that commercial insurance prices are likely to keep rising, with the hardening trend either set to accelerate again, or simply to be prolonged and extended, at similar rates to what we see today, while uncertainty and volatility remain heightened.

Mactavish CEO Bruce Hepburn told the FT that price increases could run for a number of years, perhaps longer than anyone active in the industry may have seen in the past.

All of which suggests we’re in uncharted territory, as far as hardening insurance and reinsurance markets go.

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