This week, Willis Re reported that insured losses from natural catastrophes reached $39.5bn last year -the highest since 2012.
Insurers and asset managers struggling to see how Brexit will impact them found the way ahead becoming just a little clearer over the last week.
This week, Insurance Europe highlighted Solvency II issues which need to be addressed, and Clyde & Co commented on the UK Government’s Brexit White Paper, which provided some comfort to the insurance industry.
With political and macro-economic turmoil grabbing more attention every day, it is all too easy to forget that the serious business of regulating Europe’s insurance companies continues at a relentless pace in the background.
You could have joked earlier this year that you foresaw a nightmare scenario for an implausible triple whammy of unexpected disruptive events
The language of the political debate around Brexit has suddenly become more nuanced, maybe pointing towards a softer Brexit, even retaining some access to the single market.