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Median organic growth decelerated to 7.9% in Q1 from 9% in Q4 and 8.4% a year ago. -
The conference came at a particularly tumultuous time for the US insurance industry and the economy at large.
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In casualty, getting significant blocks of capacity remains a major challenge.
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The unit grew Q1 NWP by 23% overall, led by a 27% growth in casualty.
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The reinsurer said the market was unprofitable and pricing needed to increase immediately.
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Inflection sets in for insurance stocks as macro albatross gets heavier.
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The broker said the burgeoning class of business was still finding its stride.
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The broker's share price dipped 11% in morning trading after its Q1 earnings missed expectations.
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Macroeconomic volatility could also create top-line headwinds.
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The only major product line to see rate increases was casualty.
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Rates for umbrella accelerated to 9.26%, from 8.76% in Q4 2024.
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California wildfires had ‘little or no impact’ on property cat pricing at April 1, Dean Klisura said.
