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Lloyd's and international (re)insurer Amlin has bemoaned growing downward pressure on rates in the US direct and facultative (D&F) reinsurance market.

"Competition in this area remains strong with our US direct and facultative property insurance account experiencing average rate decreases of 4.9 percent and our US casualty business a more modest 0.8 percent."

"We continue to consider pricing in the US commercial insurance market to be poor and there are no signs of imminent improvement," it commented in its interim...

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