** Brokerage Barclays hikes PTs on insurance brokerage firms citing latest industry pricing data
** Barclays sees pricing to be in line with recent industry trends
** While prices decelerate for the property line, the brokerage observes a strong "accelerating increase" in casualty lines' prices
** "Combined with the continuing increase in demand for coverage for these (casualty) types of risks, we see an environment in which casualty pricing can continue to accelerate" - brokerage
** Brokerage feels the potential of higher-for-longer inflation environment as a result of the U.S. elections might aid insurance brokers sustain above average organic growth, going into 2025 and 'possibly' into 2026
** Barclays' estimates suggest further upbeat view, mostly in the reinsurance and brokerage space
The price target changes:
Insurance New PT Old PT
Brokers
Aon $440 $394
Arthur J. $308 $300
Gallagher
Brown & $119 $108
Brown
Marsh & $246 $236
McLennan
Ryan $88 $76
Specialty Holdings
Willis Tower $302 $278
Watson
(Reporting by Pritam Biswas in Bengaluru)
((Pritam.Biswas@thomsonreuters.com))
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