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This is the first rate filing to use the recently approved Verisk model. -
As rate reductions present headwinds, firms are expected to moderate expansion.
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The carrier booked top-line growth of 2% in H1.
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Rates were down 3.9% across its portfolio in the first half of 2025.
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Market leaders Atradius and Coface have both received in-principle approvals for a Lloyd’s syndicate.
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However, group organic growth among public brokers has slowed to pre-pandemic levels.
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Price decreases became lower throughout Q2, however, averaging 3% in April, 2.3% in May and 1.6% in June.
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The broker said that there could be a flattening of rate decreases in the hull market in 2026.
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The model becomes the second in the state to get approval to affect ratemaking applications.
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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.
