US P&C insurers face ‘solid but decelerating’ growth: Swiss Re
Swiss Re calculates January’s California wildfires exhausted almost 50% of the sector’s collective catastrophe budgets and will increase its 2025 combined ratio 300 basis points
Direct premiums written growth expected to slow to 5% in 2025 and 4% in 2026, as reinsurance giant warns underwriting tailwinds are ‘mostly past’