Property and Casualty Markets Still Favor Buyers: Marsh

It’s still a buyer’s market, according to a Marsh webcast titled “The New Reality of Risk.”

Featuring experts from Marsh’s Property, Casualty, FINPRO practices, as well as its Market Information Group, the July 22 webcast confirms alternative capital and limited catastrophes are still keeping the property market competitive. Furthermore, casualty remains generally favorable for buyers across all lines except commercial auto liability. Commercial D&O rates are declining, but firming for private and nonprofit organizations, the Marsh experts say.

The experts also say that mergers and acquisitions will likely continue, and that recent M&A activity among insurers will likely not have a substantial effect on overall market capacity, but could lead to capacity being withdrawn from certain areas and redeployed.

See the Marsh webcast here.