In-depth - wholesale: Shrinking capacity hits brokers
Wholesale and retail brokers alike are facing a capacity crunch in some sectors
With capacity shrinking in some lines of business, the expertise of the insurance market is being put to the test. While a market correction will benefit all players in the long term, there’s some pain to come first.
Brokers are already reporting difficulties placing business in some sectors, with construction and engineering proving particularly problematic.
“There are massive issues out there,” says Michelle South, schemes director at BHIB Insurance Brokers.
“Capacity is being pulled
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