Insurance executives are used to dealing with a crisis. Paid to evaluate the world’s risks, they are familiar with hurricanes, earthquakes and terrorist attacks.
But the danger facing Laurent Rousseau of Marsh, the world’s biggest insurance broker, as he sits in offices overlooking the Tower of London, is his sector’s falling prices.
A riskier world should be a boon for his industry: companies and governments are seeking to offload their growing exposure to perils ranging from natural disasters and war to trade conflict and street riots. Disaster protection has rarely been more coveted.
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