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The CEO said the carrier will prioritise margin over top-line growth. -
As rate reductions present headwinds, firms are expected to moderate expansion.
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The airline has exercised a break clause to renew its cover six months earlier.
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In trying to solve multiple needs, specialty reinsurance opens up complexities.
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The specialty reinsurer also saw several bad investments hit the books.
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The CEO said business remains adequately priced in most classes.
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The facility was previously for commercial risk clients.
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Underscoring a more competitive market, the structure includes an escalating premium.
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In the US, the index fell 6.7% year on year.
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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 availability of capacity remains the market’s key driver, the broker said.
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The soft market continued through H1 2025, especially on shared programs.
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