Opinion

The firm may be a victim of its own success and size but a challenging macro landscape is also presenting obstacles for levered brokers as The Squeeze 2.0 looms.

Organic growth will slow from historically elevated levels and the increased cost of debt will take its toll.

If the Floridian goes through with a listing, it will be a true test of whether the public markets believe that the state’s fragmented insurance market is fixed, or on its way to being so.

The US market’s messaging around E&S growth means the sector will likely face ever-greater scrutiny in 2024.

Carriers will be taking more risk net this year – which may arrest the speed of decline in cyber pricing.

January 1, 2024 was a “spotty” renewal, with the most over-subscribed deals being those bought by the major global cedants with good track records, whereas others did not attract as much attention.

NFP will need to be brought close enough to realize the benefits, but not so close its talent feels smothered.

Sources suggest that Aon has been proactive in weighing acquisitions since Q4, with a US mid-market platform the obvious gap.

The reforms are working for claims filed after December 2022, but attorneys are still litigating claims filed prior to the legislation.

For some time now, property has been doing the heavy lifting around growth and rate rises in E&S.

The loss threats come as the space is going through a softening cycle, with 2%-2.5% rates and a few sources noting cases of 1.7%-1.8%.

Its confederation of insurance subsidiaries will have to operate with fewer strategic advantages than they do today.