Cyclone Vaianu’s floods, evacuations and power outages have delivered another reminder that brokers who can prove risk in granular detail are the ones most likely to hold capacity
In an Australia-New Zealand insurance market strained by skills gaps, retirements and tighter margins, private ownership may give some brokers a recruitment advantage
Brokers are seeing more buyer-friendly renewals but the evidence suggests this is a multi‑speed soft market that may be flattening rather than cleanly turning
Rates can spike overnight, tankers can vanish - but that doesn’t mean the wider market snaps from soft to hard
