Insurance
Home›Insurance›Industry & Deals›Marsh results show soft insurance market shifting grow…
Marsh results show soft insurance market shifting growth toward consulting
Marsh’s reinsurance broking arm, Guy Carpenter, saw Q2 revenue down 2% as property catastrophe pricing declines by 16% at midyear, while consulting grew 10%.
Marsh’s Global Insurance Market Index points to a prolonged soft insurance market, and the broker’s own quarterly results show how that environment is playing out in different parts of its business, according to Insurance Business UK.
For Q2 2026, Marsh reported consolidated revenue of US$7.4 billion, up 6% year over year, with adjusted EPS rising 9% to US$2.96. The company’s CEO John Doyle highlighted 6% overall revenue growth, 5% underlying growth, and 9% adjusted EPS growth for the quarter.
Marsh Risk, its core broking unit, brought in US$4.1 billion in Q2, up 6% on a GAAP basis and 4% underlying. The article said this growth was driven by new business and added services rather than rate inflation, noting that rates are falling across most of Marsh’s markets.
By contrast, Marsh’s reinsurance broking arm Guy Carpenter did not grow, with Q2 revenue down 2% on both GAAP and underlying, and six-month underlying revenue flat year over year. The story linked the slowdown to pricing declines, citing Guy Carpenter’s July 2026 renewal report that placed the global property catastrophe rate-on-line index down 16% at midyear, while commissions are tied to premium volume, as consulting and advisory work expanded instead.