Analysts at Goldman Sachs still expected reinsurance broking businesses to report double-digit premium growth in the second quarter of 2023, as well as strong results in retail property and casualty (P&C) globally.
In a recent report, analysts discuss pricing and exposure growth for insurance and reinsurance brokers in the Americas.
As well as anticipating strong premium growth of around 27% of annual revenues in Q2 2023 and the aforementioned robust performance in retail P&C, analysts warn that employee benefits deceleration quarter-over-quarter is expected to be a drag to overall organic growth “as wage increases and employment growth decelerate modestly but remain strong.”
