Renewals
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Capacity has gone up slightly, with new entrants and incumbents feeling better about their books. -
The CEO said the carrier will prioritise margin over top-line growth.
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The specialty reinsurer also saw several bad investments hit the books.
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The risk of cyber incidents that cause physical damage is also rising.
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The president expects to see benefits from the deal in H2 2026.
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The CEO said business remains adequately priced in most classes.
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All lines except workers’ comp are up year over year, however.
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PL coverage is being stripped out of admitted, packaged policies and increasingly purchased in the E&S market.
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While official return to office mandates have gathered steam, what they look like in practice can vary widely.
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In the US, the index fell 6.7% year on year.
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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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The January wildfires did little to hamper their appetite, apart from California.
