Broker Exchange: Hard market issues exacerbated by "rowing back"of local decision making

Panelists also warned this could lead to another flurry of unrated offshore insurance providers entering the market to fill capacity gaps in distressed sectors.

In response to a question from the audience about was is impacting the current pricing environment, Airmic deputy CEO and technical director Julia Graham said: “I think there are different dynamics going on compared to different [hard] markets that we have lived through, and solvency and M&A have a role to play. But I think one of the