Marc Rowan, First Republic, Stagflation, and AI (Podcast)
Bloomberg Intelligence
00:00
The Impact of the Recession on the Insurance Industry
The recession that has been touted in the press for the last 12 months has not yet at least hit our major base of where our clients are. And they continue to be healthy. Secondly, rates in the insurance industry continue to rise. And when you look around the world and try to find an industry that does well with inflation, they're few and far behind. We fall on a lot of screens. We look very good. We're very healthy. And the company's done extremely well over the last number of years. So also, we're not extraordinarily priced at a high multiple. We're at a multiple that fits the S&P, makes sense in a business that makes sense.
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