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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. -
Rates continue to drop as capacity is ample, the broker said.
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The MGA has been through a remedial exercise under Acrisure’s ownership.
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The unit will include both ocean and inland marine coverage.
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The late March storm caused extensive damage in southern Quebec and Ontario.
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The new chair said the market must adapt for 2030 and beyond.
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The FCA is reviewing how it can simplify regulation for commercial insurers.
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The Australian carrier’s nat cat losses are A$200mn lower than its annual allowance.
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The $2.6bn deal provides Ergo with an entry point to the US SME market.
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Ex-Tropical Cyclone Alfred has been the costliest event, with A$1.36bn in losses.
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The changes affect operations in Switzerland, Bermuda and the US.
