Property and casualty rates to fall by 10%, says Marsh
Mr Pritchard, head of placement for Marsh UK's large corporate accounts, predicts that motor rates will remain flat but that D&O rates will fall
Marsh forecasts that insurance rates for both property and casualty risks could fall by up to 10% in 2010.
Speaking to a gathering of over 200 clients at the Marsh UK annual client conference, Tim Pritchard, head of placement for Marsh UK’s large corporate accounts, told delegates that competition for good risks remained strong with plentiful capacity in both sectors.
Mr Pritchard said: “Insurers are looking to retain market share and are competing aggressively for good, well-managed risks
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