Brokers unconvinved by signs of market hardening

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The recent slew of first quarter results from the major insurers came not only with improvements in combined operating ratios but also a hint of hardening in the commercial market.

As he revealed that Aviva’s general insurance UK net written premiums were up 20% to £1.1bn (Q1 2010: £913m), Mark Hodges, chief executive of Aviva UK, suggested the commercial market could be on the cusp of changing.

“We have seen some small evidence recently of rates just starting to creep up a little and we would l