Rates continue to soften according to Marsh
The figures are based on business placed by Marsh, on behalf of large UK corporates, in what is traditionally the highest volume quarter of the year. They show that rates fell in both property and liability lines: on average, property rates fell by 0.5%, Employers' Liability rates by 4% and Public Liability by 3.5%.
Commenting on the findings, Tim Pritchard, Marsh's UK placement leader, said: "Despite rising claims, competition to maintain market share and new entrants into some lines of business
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected].
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on E-Trading
Podcast
The Insurance Age Podcast: 3 April 2020
Insurance Age commissioning editor, Laurence Eastham, and news editor, Ida Axling, discuss the top stories of the week.
Subscribe to our daily newsletter for all the latest news
Most read
- Action groups hit out at “absurd” insurer defences in FCA BI case
- Brokers not responsible for BI test case insurance policies under contract law, argues FCA
- MGAs under threat as insurers set to crackdown
- Covid-19 to boost broker M&A
- Insurer approaches to causation ‘legally flawed’ FCA argues in BI test case
- PIB buys Stockton-based UKinsuranceNET
- Insurers failed to raise issues with government's restriction triggers, says FCA