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Nominee Neil Jacobs was warned cuts will cause ‘rising home insurance rates’. -
In the US, the index fell 6.7% year on year.
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Despite predicting fewer hurricanes, the numbers are still above average.
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His 30 years of experience includes stints at Tokio Marine and Swiss Re.
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This is up from the $300mn in capacity the MGA secured in 2024.
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The floods have killed at least 81 people, with dozens more missing.
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Marsh’s property book saw an average decline of 9% in Q1, a trend that appears to have continued through Q2.
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But June was the busiest month of the year on the back of recent broker churn.
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Elevated cat losses in H1 weren’t enough to stop a further softening of the market.
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The executive joined The Hartford when it acquired Navigators in 2019.
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The late March storm caused extensive damage in southern Quebec and Ontario.
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The soft market continued through H1 2025, especially on shared programs.
