The long climb
Dear reader,
Second quarter results have started to trickle through and already one of the themes that is emerging is of a tentative hardening of casualty rating, particularly with regard to professional lines business.
On both sides of the Atlantic, the mood has been upbeat. Take Beazley for example, which said that during the first half of the year rates for its large professional and management liability book rose by 3 percent.
Given that this is the first sign of...
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