Brown & Brown expects property cat rates to rise 10%-40%+ in H1 2023: CEO
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Brown & Brown expects property cat rates to rise 10%-40%+ in H1 2023: CEO

Jairo Ibarra
January 24, 2023
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Brown & Brown CEO J Powell Brown said his company experienced some of the most difficult property cat placements in decades during Q4 and in January 2023, with rates increasing 20% to 40% or more in this period.

Speaking to analysts during the firm’s Q4 earnings call, the chief executive anticipated that capacity in property will be constrained, while rates should continue to increase in the first half of the year, amid a prolonged hardening cycle.

Brown

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Jairo Ibarra
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