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Expert insights on financial resilience for 2023

There is space and opportunity for business to grow with the help of well-informed financial resilience strategies.

The world is at a tipping point — and Marsh is committed to helping prepare our clients for crises and driving progress with business leaders. As such, steering and strengthening businesses through turbulence was the theme of our Financial Resilience event on Thursday 23 February.

Led by Marsh Regional Director, Andrew Wilton, the event shed light on how businesses can navigate economic and financial uncertainty. We were joined on the day by the Bank of England and an expert panel of speakers.

The Bank of England’s, Rob Elder, outlined current and future financial states and talked about the impact of interest rates for business and what this means for company growth.

Marsh Managing Director of Claims Solution, Neil Grieves, spoke on managing business interruption impact and challenges. He offered advice on how best to optimize insurance protection for your business amongst various pressures.

Following on from Neil, Trade Credit Sales & Business Development Leader, Ian Leslie, outlined the three key risks for trading this year and key areas of concern for the c-suite. Exploring the current volatile landscape of the economy, Ian advised on risk mitigation and improving working capital through utilisation of trade credit, responding to queries on how trade credit insurance can be a key facilitator and driver of growth.

In 2022, mergers and acquisition (M&A) activity soared to its highest level for five years.1 Considering this, our experts in private equity and M&A (PEMA) — managing directors, Suzanne Jones and Alistair Lowry — outlined the impact of risk and insurance in M&A. Identifying key issues can help de-risk transactions to drive financial resilience, optimizing and protecting value for both buyers and sellers, along with warranty and indemnity insurance.

Finally, joining us as our resident surety specialist within Client and Care Services, Rory Johnson compared bonding structures and insurance to outline how surety can enable companies to maximise financial outputs and drive business forward through turbulence.

What is clear from these experts is that there is space and opportunity for business to grow with the help of well-informed financial resilience strategies.

Please note, Chatham House rules apply to this recording.

[1] How many pub mergers and acquisitions were there in 2022 (morningadvertiser.co.uk)