Willis report suggests less acute market softening
The softening in liability rates has not been as acute as that experienced in other lines, a recent ...
The softening in liability rates has not been as acute as that experienced in other lines, a recent report from Willis has suggested. According to the International Liability Market Review, rates peaked after the property market. Property rates began falling by the second quarter of 2003, with the liability market peaking in the first quarter of 2004. Willis said its mid-year review of the market predicted rates would generally be flat with reductions of between 10% and 15% for some clients for
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