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Secondary perils are no longer so secondary, but the losses are already priced in for commercial property. -
Growing economic and population exposures are driving potentially larger insured losses.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Sources said JP Morgan and RBC are advising the brokerage.
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The deal is expected to close in the second quarter.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The broker's share price dipped 11% in morning trading after its Q1 earnings missed expectations.
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Macroeconomic volatility could also create top-line headwinds.
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The commercial risk and reinsurance units delivered mid-single-digit growth.
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Sources said the firm retained Ardea to run the process.
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The program will offer liability coverage up to $5mn per occurrence.
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Lucy Clarke said the broking business was resilient in the face of macro challenges.
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