MMC can afford to lose a few battles, but it must win the hearts and minds of JLT revenue producers to win the war.
Catlin, Brand, McGill and Neal are still faced with one immovable reality: a strong and willing labour pool is key
The new carrier looks like a fairly traditional (re)insurer but talent, track record and distribution could make Convex a top-quartile player.
WR Berkley CEO Rob Berkley suggested rate increases were well outpacing loss-cost trends.
Players in the sector offering carriers profitable expansion will survive and prosper, Artur Niemczewski said.
Loss-hit issuances from Nationwide Mutual, Heritage and USAA all traded close to zero this month, among a recent flurry of activity on the secondary market.