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Market leaders Atradius and Coface have both received in-principle approvals for a Lloyd’s syndicate. -
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.
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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.
