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Invisible Hard Market Nowhere To Be Seen

Back in January, Brian Duperreault, president and CEO of Marsh & McLennan Companies, said the property and casualty industry was entering its “first ‘invisible’ hard ...

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Back in January, Brian Duperreault, president and CEO of Marsh & McLennan Companies, said the property and casualty industry was entering its “first ‘invisible’ hard market,” in which prices would begin to rise–but because of shrinking insurable exposures, little positive impact would be seen in top- and bottom line results. That’s not exactly how the year played out, with no sign of price hikes ahead.

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