The largest rise was reported in combined liability, which was up 4.1% compared to the first quarter of 2018. Premiums in this line have been ticking up for every quarter since Q2 2017.
But Trident Insurance chief executive officer Robert Marshall did not agree that prices had gone up.
“Combined liability, as a percentage it looks high, but I don’t think it makes an awful lot of difference,” he commented. “This tells you nothing about what you’re actually going to transact at.”
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