Global insurance profits face pressure from inflation, climate risks, and rising claims, especially in U.S. property and casualty markets.

Global insurance profits are under pressure due to ongoing economic uncertainty, rising weather-related losses, inflation, and complex risks, especially in the U.S. property and casualty sector. Despite a 5% drop in global property renewal pricing, casualty markets remain tight, while brokers in North America are active amid slower P&C growth. Major firms like Gallagher and Willis Re are focusing on synergies and leadership changes, and significant deals continue, including a $1.7 billion acquisition of Inigo. Regulatory scrutiny is increasing, with Australia’s watchdog taking legal action against RACQ. Meanwhile, Everest Re expands in India, surety bonds are now available for climate tech startups, and high claims costs persist in China’s EV insurance market.