A strong performance from Marsh helped Marsh & McLennan Companies' Risk & Insurance Services division post organic growth of 5% in the first quarter of 2017.
The former Willis Towers Watson chief executive has moved on to a private investing firm that has made exploratory moves in the global insurance market.
Larger insurers and regulators around the globe have turned their eye towards the new technology, indicating that it may be here to stay.
Catastrophe bond issuance for the first quarter of 2017 was down slightly compared with the same time in 2016, but is expected to rebound next quarter.
Profits in the firm’s broking arm increased as operating expenses declined.
The Willis executive remains in his role at the industry body.
Increased catastrophe losses and auto claims pushed down property and casualty revenue at The Hartford.
Gains from investments have helped stave off high losses from catastrophes earlier in the year.
The firm faced a rough first quarter of 2017, just months away from its acquisition by Fairfax Financial.