Steven Goate reveals discussions at the Insurance and Reinsurance Legacy Association (IRLA) Congress 2023, point to a dynamic market and one which will require a range of services which will see Davies in demand.
Once again, the IRLA Congress saw the market come together for a sold-out event, which was not short of topics to discuss. Those topics were broad and diverse, with several key themes which are likely to define the future market.
The event opened with a session on claims of abuse against the Catholic Church in the United States. In recent months, a growing number of state governments have extended the statute of limitations to allow abuse victims to come forward. It has prompted a significant rise in claims, and the likelihood is that the London market will need to brace itself for potential claims from the church if the level of awards break into the church’s reinsurance programmes.
