Meta Hudson
Head of Credit Specialties, Marsh Specialty, Pacific
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Australia
Despite ongoing geopolitical volatility and macroeconomic uncertainty, businesses that can manage risk effectively are continuing to benefit from substantial global growth opportunities.
In the first half of 2024, businesses have navigated various global macroeconomic and political challenges, however businesses’ resiliency may be further tested in the months to come. For example, the US presidential election, arguably this year’s most consequential election, takes place in November; uncertainty persists around monetary policy decisions; and insolvency rates are expected to stay above recent historical averages into 2025.
Despite the multifaceted risk landscape, the credit and political risk insurance market remains robust, helping agile businesses navigate today’s wide-ranging risks and pursue growth opportunities in the coming years, such as critical minerals demand and government investment in infrastructure and green technology.
Our latest Market Update provides insights to support risk allocation and management strategies to enable business growth. It considers the changing risk landscape and the insurance market response across trade credit, surety, structured credit, and political risk.
In 2024 and into 2025, we see four macroeconomic themes that will likely shape the operating and investment environment. Understanding this backdrop will be imperative for businesses to address potential credit, supply chain, and business interruption challenges and realize growth opportunities.
Head of Credit Specialties, Marsh Specialty, Pacific
Australia
Head of Political Risk and Structured Credit - Pacific
Australia
Head of Trade Credit, Pacific
Australia
Head of Surety, Pacific - Global Leader, Bank-Fronted Surety Solutions
This publication is not intended to be taken as advice regarding any individual situation and should not be relied upon as such. The information contained herein is based on sources we believe reliable, but we make no representation or warranty as to its accuracy. Marsh shall have no obligation to update this publication and shall have no liability to you or any other party arising out of this publication or any matter contained herein. Any statements concerning actuarial, tax, accounting, or legal matters are based solely on our experience as insurance brokers and risk consultants and are not to be relied upon as actuarial, accounting, tax, or legal advice, for which you should consult your own professional advisors. Any modelling, analytics, or projections are subject to inherent uncertainty, and any analysis could be materially affected if any underlying assumptions, conditions, information, or factors are inaccurate or incomplete or should change.
LCPA 24/431