Rates In Some Classes Have Peaked: Report International Editor
Hard market rates are likely to continue in lines such as casualty, while the market cycle appears to have reached its peak for certain classes such as property and aviation, according to a report on the London market.
"Rates are at a level which underwriters regard as profitable, and although most observers feel the market has peaked, they also consider that there is a good likelihood of its being able to maintain profitability in the short term," said the report titled "The London Market," which was compiled by Axco Insurance Information Services Ltd. in London. Axco is a provider of insurance market information.
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