R&W’s softest market ever won’t recover soon, even if deals do: Marsh
The representations and warranties (R&W) insurance market in North America may continue to soften in the near- and mid-term, even if M&A activity picks up as expected to stoke demand, as the space remains too carrier-crowded to allow the market any traction, analysts a global insurance brokerage Marsh have claimed.
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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.