Customers seeking directors and officers liability insurance are seeing small but significant rate reductions in the current London market, according to a survey of underwriters by the insurance brokerage firm Willis.
The survey, the Willis Index, which tracks this sector, found for the second quarter of 2006 that competition for business in the London market is being driven by a more than adequate capacity and a willingness to negotiate coverage not seen for some years.
With many insurers having recently overhauled their wordings, and with others due to do the same, the buyer's market looks set to continue into the third quarter.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
