Five of the seven classes of business covered by the figures show that average premiums declined.
Combined liability and property owners were the biggest fallers, while only commercial vehicle and tradesman increased.
The commercial broking index which measures premiums across key lines in a typical broker’s book of business (see above) was down 2.8% compared to the same time last year.
The figures emphasise the consistent theme of a squeeze and competition across the market.
Perhaps most worry
- Losses bite at Ageas Retail after Kwik Fit closure
- David Charles steps down as head of PIB-owned Cooke & Mason
- Ansvar launches two charity products
- New motor fleet MGA launched
- Verisk to buy Sequel for £250m
- Ascot launches new MGA and hires Michael Sillat to lead
- Ageas teams up with CDL on Flood Re solution