For more than a century, McGriff has delivered customized insurance and risk management solutions to help businesses and organizations navigate their most complex challenges. That’s the mission behind the McGriff Specialty Market Update. Here we distill key trends, highlight emerging risks and opportunities, and offer context to support strategic, long-term planning.
Informed decisions require clear, credible insight. Clients trust us to know their business, regardless of sector – that’s why each edition of the market update features industry reports grounded in research, and a forward-looking perspective.
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And since McGriff is part of Marsh McLennan Agency and the broader Marsh family, we’ve partnered with our colleagues from the world’s leading risk advisor to provide a comprehensive analysis of the P&C landscape.
Market Insights
By Topic
By sharing our collective insights transparently and consistently, we aim to equip our clients with the knowledge they need to move forward with confidence.
Aviation
The Aviation insurance market entering 2026 reflects a more segmented landscape, with differing conditions across the Airline and General Aviation sectors.
Casualty
General Liability average rates have increased slightly since last quarter, depending on the class of business, risk, and jurisdiction.
Construction
The Construction insurance market in 2026 reflects mixed conditions across lines of business.
Cyber
The Cyber insurance market enters 2026 in a stable but evolving position.
Directors & Officers
The Public D&O Liability market enters 2026 in a position of relative stability.
Energy
The Energy insurance market continues to sustain momentum across the Power, Midstream, Renewables, and Upstream segments in 2026.
Marine
The Marine insurance market for cargo, hull, and liability risks continues to reflect soft conditions, driven by abundant capacity, moderating loss levels, and strong competition in both London and U.S. markets.
Property
The U.S. Property market continues to favor buyers, driven by an influx of new capital, particularly into the excess and surplus (E&S) space, and strong reinsurance support.
Public Entities
The Public Entities insurance market in spring 2026 is best described as stable with pockets of continued softening.
Real Estate & Hospitality
The Real Estate and Hospitality insurance market in early 2026 continues to reflect two very different trajectories.
Senior Care
The Senior Care industry enters 2026 continuing to build on the momentum of late 2025, with a cautiously optimistic outlook supported by strong demographic demand and ongoing investment in the space.
Transportation
The Transportation insurance market in spring 2026 continues to face persistent challenges driven by loss severity, social inflation, and an unforgiving legal environment.
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