Insurance brokers are currently in a world of pain as the halcyon days of the hard market are clearly behind us.
Every broker reported sharper property declines. The quantification varies with the mix (admitted, large account, E&S cat-exposed), but no broker characterized property as anything other than firmly negative.
On the other hand, the unanimous read is that the casualty rate environment is bifurcated.
While the hard market in property is behind us, brokers identified data centers and AI-related infrastructure as a meaningful contributor or pipeline opportunity.
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Insurance brokers are currently in a world of pain as the halcyon days of the hard market are clearly behind us. At first glance, the organic growth still seems to be holding up reasonably well (ex Brown & Brown, Inc. (
