Economic FactorsA steady economic backdrop of real GDP growth and elevated inflation continues to broadly lift the brokers’ organic growth trajectory.
Market PositionMMC is seen as a high quality, more diversified broker, with potential upside from better macro conditions, interest rates staying higher, casualty pricing acceleration, M&A volumes accelerating meaningfully, and ongoing margin efforts.
Segment PerformanceThe Risk & Insurance Services (RIS) segment drove the beats in organic growth and margin.