Brown & Brown expects property cat rates to rise 10%-40%+ in H1 2023: CEO
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Brown & Brown expects property cat rates to rise 10%-40%+ in H1 2023: CEO

Jairo Ibarra
January 24, 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Brown & Brown j powell brown new.jpg

Brown & Brown CEO J Powell Brown said his company experienced some of the most difficult property cat placements in decades during Q4 and in January 2023, with rates increasing 20% to 40% or more in this period.

Speaking to analysts during the firm’s Q4 earnings call, the chief executive anticipated that capacity in property will be constrained, while rates should continue to increase in the first half of the year, amid a prolonged hardening cycle.

Brown

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Log in now

Topics

NewsResultsBrown & BrownBrokersEarnings
jairo ibarra/jairo ibarra ii us.png
Jairo Ibarra
Senior Reporter
Contact
Gift this article