While the pace of rate reductions is slowing, there remain ample opportunities for buyers to secure better deals on rates alone and on terms and conditions, Mark O’Riordan, head of group reinsurance at UK specialist insurer Ecclesiastical, told Baden-Baden Today.
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29 December 2025 From Gallagher’s $13.45bn blockbuster buy to Markel’s exit from global reinsurance, 2025 delivered surprises on both ends of the M&A spectrum. We take a closer look at the deals and retreats that shook the market.