Global concerns drove equities lower in the week to 09 February. The FTSE All Share fell 5.0% vs. -7.1% for the Insurance Index and -3.9% for the Lloyd’s Index. The best performer this week was Helios*(0%) and JLT (-3.8%); Lancashire was the worst performer (-6.3%). We look at the latest data on US property/casualty rates. The data may move a bit but the trend is clear: a combination of surplus capacity and lower loss activity is driving rates down across most lines. Casualty is still h
