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A shift to back to the admitted property space and MGAs choosing ignorance are other possible scenarios. -
Both organisations still predict an above-average hurricane season.
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As the fires spread, the priority shifted from saving structures to saving lives.
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It is targeting low-risk specialty lines where it has a competitive edge.
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Auto, umbrella and excess lines recorded mid-double-digit rate increases in Q2.
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The tech could quickly open the door to disruptors, and firms with poor data management will lose out.
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More investment in early stage firms is an indicator of bullish market, says Gallagher’s Johnston.
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Social inflation is driving non-renewals, while CoRs are up for P&C and casualty.
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The executive has been with the brokerage since 2004.
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The MGA will expand its US reach in apartments, condo associations and single-family rentals.
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California wildfires account for $40bn of the insured loss tally in H1.
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The risk of cyber incidents that cause physical damage is also rising.
