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The model becomes the second in the state to get approval to affect ratemaking applications. -
Renewable energy premium written in London and international markets amounts to $2bn.
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Demand and growth opportunities remain ample despite competitive pressures.
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Sources said the downstream energy market is unlikely to turn a profit in 2025.
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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 soft market continued through H1 2025, especially on shared programs.
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Gallagher Re’s Lara Mowery said mid-year renewals marked the “beginnings of capacity” emerging.
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Cedants were able to “challenge the status quo” with aggregates back on the table, the broker said.
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Is the ransomware threat really getting worse – or just more visible?
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Property rates are coming under further pressure, while liability is being buoyed by ongoing challenging loss trends.
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The cost comes in at $530.6bn, roughly $20mn lower than budgeted.
