JLT reports no signs of hardening market

However, it added there were "no significant" signs of hardening rates across the insurance market.

The company stated: "Insurance market conditions remain broadly as we described in March when we made the preliminary announcement of our 2008 results. There is no significant consistent evidence of hardening insurance premium rates across the market as a whole.

"Some lines, such as aviation, financial lines and catastrophe affected classes, are seeing rising rates, with in some cases, much reduced