As 2024 draws closer, Martina Neary, UK Insurance Leader at EY, has suggested the UK’s specialty insurance market will face a host of challenges in the year, including increasing weather events, sustained inflation and cost pressures, and increasing geopolitical uncertainty.
According to Neary, UK specialty insurance and reinsurance firms performed well throughout 2023, boasting strong H1 results underpinned by “robust underwriting and investment returns being boosted by interest rate increases.”
