-
In the US, the index fell 6.7% year on year. -
Marsh’s property book saw an average decline of 9% in Q1, a trend that appears to have continued through Q2.
-
The availability of capacity remains the market’s key driver, the broker said.
-
The soft market continued through H1 2025, especially on shared programs.
-
The LA wildfires accounted for 59% of loss activity over Q1.
-
Gallagher Re’s Lara Mowery said mid-year renewals marked the “beginnings of capacity” emerging.
-
Cedants were able to “challenge the status quo” with aggregates back on the table, the broker said.
-
The company said the reduction was due to years of steady improvements.
-
The programme’s total limit this year is down $594mn to $1.36bn.
-
The broker noted a “significant variation” in renewal outcomes.
-
The new unit – Ceded Re – will operate under the leadership of Guy Van Hecke.
-
The Atrium-led cover renews after the multi-billion-dollar High Court ruling.
