Guy Carpenter Forecasts Growth Amid Reinsurance Softening

Guy Carpenter, Marsh’s reinsurance broking division, reported $2.5 billion revenue for 2025, up 6% year-on-year, with Q4 revenues of $215 million, and addressed market outlook around Jan. 1, 2026 renewals. Executives said property catastrophe pricing softened at the 1.1.2026 renewals, creating headwinds while highlighting growth opportunities, notably a potential $10 billion data-center premium market, sidecars, and casualty expansion.