MK MKL Markel Group Inc. Loading... : Bullish and Bearish Analyst Opinions

Property pricing in shared & layered markets is down 25% QoQ and heading to 30%, while loss costs run 4-5% – a clear sign of unsustainable pricing driven by volume-based MGAs and alternative capital. — Aggressive pricing in large property E&S signals that capital providers (reinsurers, ILS funds, MGAs) are taking on poor risk-reward; traditional insurers with discipline like Chubb are shrinking, but peers still chasing volume could face adverse development.