Insight and Intelligence on the Global Facultative Markets

5 February 2012

Blood on the tracks

27 May 2010

Dear reader,

Bloodbath. Carnage. Massacre. Call it what you will, but one thing is clear, and that is it's not a great time to be underwriting at the moment.

A dreadful loss ratio already this year and continuing poor investment returns are bad enough, but add to that a continuing capacity glut and you've got a miserable combination indeed.

The word on the street is that D&F rates are plummeting at renewals, with declines in the 15 to 20 percentage...

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