Core Viewpoint - The company reported a year-to-date growth of 1%, primarily impacted by reductions in the cyber and property segments [2]. Group 1: Performance Overview - The company anticipated easier growth in the second half of the year due to easing rate reductions in key segments such as D&O, cyber, and property [2]. - D&O rate reductions have started to ease after three years of significant softening, while the company managed to maintain flat rates in the North American cyber market during the July renewal season [2]. - The property market has also seen a reduction in aggressive rate cuts following a strong second quarter [2]. Group 2: Market Conditions - Despite initial predictions, the D&O and property markets remain highly competitive, which has hindered growth [3]. - The U.S. cyber market is now considered unprofitable due to increased levels of cybercrime and liability claims experienced since 2023 [3].