While unprecedented weather patterns are providing complex challenges for insurers, the industry’s biggest concern is actually some of the hidden knock-on effects of such events which are often little understood from a risk management perspective.
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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.