Jun. 12 at 8:45 PM
Evercore expects property and casualty insurers and brokers to face margin pressure in the second half of 2026 as pricing weakens across commercial and personal lines. Despite this challenging backdrop, analyst David Motemaden sees opportunities in select names.
Aon remains Evercore's top pick, supported by producer hiring, data center-related demand, and strong transactional risk placements linked to capital markets activity. The firm forecasts 6% organic growth in 2026-2027, above macro-driven estimates, while Aon's Commercial Risk business recently delivered 7% organic growth.
Arthur J. Gallagher is viewed as undervalued relative to its fundamentals. Evercore highlights the broker's long history of market share gains, supporting expectations for 5% organic growth over the next three years even amid softer pricing conditions.
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