By Kane Sim ,
Chief Client Officer, PEMA, Pacific
23/02/2023
Deal activity was down from 2021’s record levels, but compared favorably with pre-pandemic years. The mounting macroeconomic and geopolitical pressures, including higher inflation and interest rates, created significant uncertainty for dealmakers. This led to the region experiencing a drop in deal flow and transaction closings during the second and third quarters.
Notwithstanding the challenging deal environment, Marsh placed 82 combined primary and excess W&I policies in 2022, compared with 81 in 2021. A robust deal-making environment in the first quarter that carried over from 2021 and a resurgence in deal volume in the fourth quarter greatly contributed to this outcome. The policies placed represented US$2.3 billion in limits, only 9% down from 2021.
Article
23/02/2023