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Russell White: ‘Crucial year’ ahead after ‘tough’ reinsurance renewals
Peach Pi’s commercial distribution and trading director said 2023 has seen ’really tough reinsurance renewals for everybody’
Peach PI’s commercial distribution and trading director Russell White has warned 2023 will be a “tough and crucial” year for the commercial market amid “really tough” reinsurance renewals.
The January renewal season had been particularly gruelling this year amid geopolitical and macroeconomic headwinds in 2022, including Hurricane Ian and interest rate hikes.
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