-
The broker said the burgeoning class of business was still finding its stride. -
CEO Adrian Cox said the market could turn on “unexpected events”.
-
Cyber and property experienced the largest price reductions.
-
The broker's share price dipped 11% in morning trading after its Q1 earnings missed expectations.
-
The only major product line to see rate increases was casualty.
-
California wildfires had ‘little or no impact’ on property cat pricing at April 1, Dean Klisura said.
-
Technical pricing is insufficient in some areas and inflation is biting into margins.
-
Softening in the upstream market has also accelerated beyond expectations.
-
Despite a softening market, carriers still have belief in their profitability, sources said.
-
The Gallagher Re executive called on the market to “prepare to grow sustainably together”.
-
Lloyd’s has been likened to a “toothless tiger” in its crackdown efforts.
-
The rating allows IQUW to access $1bn in group capital.
