According to latest MarketScout data, the composite rate movement for US commercial property/casualty rates was -1% in September vs. 0% in August and +1% in July. The only class seeing any rate rise was Commercial Auto; Property fell 1% and the remainder were flat. Rates for large and jumbo accounts took another step down (-1% and -4% respectively) as competition intensifies. The more specialist lines are the most defensive but all lines are under pressure. This has negative implications for

08 Oct 2015
Non-Life Insurance - US commercial rates continue to soften
Hiscox Ltd (HSX:LON), 1,324 | Lancashire Holdings Limited (LRE:LON), 621 | Novae Group (NVA:LON), 0 | Beazley Plc (BEZ:LON), 786

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Non-Life Insurance - US commercial rates continue to soften
Hiscox Ltd (HSX:LON), 1,324 | Lancashire Holdings Limited (LRE:LON), 621 | Novae Group (NVA:LON), 0 | Beazley Plc (BEZ:LON), 786
- Published:
08 Oct 2015 -
Author:
Joanna Parsons -
Pages:
3 -
According to latest MarketScout data, the composite rate movement for US commercial property/casualty rates was -1% in September vs. 0% in August and +1% in July. The only class seeing any rate rise was Commercial Auto; Property fell 1% and the remainder were flat. Rates for large and jumbo accounts took another step down (-1% and -4% respectively) as competition intensifies. The more specialist lines are the most defensive but all lines are under pressure. This has negative implications for