Certainly the 1 July renewals have confirmed that there has been a decisive step-change in the market – when even a broker report (and from Aon no less) admits that a hard market “may be fast approaching”, you know...
Axis Re: The canary in the coalmine of a hard cat market?
![coal mine.jpg](https://assets.euromoneydigital.com/dims4/default/95a2aa3/2147483647/strip/true/crop/1400x933+0+0/resize/840x560!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Fe1%2Fd0%2Fd734eadf496c810702d2801e993a%2Fcoal-mine.jpg)