Chaucer sees rate opportunities after high cat quarter
Lloyd's insurer Chaucer has flagged up hardening conditions in UK motor, aviation and catastrophe-exposed property markets and forecast a "significant increase" in offshore energy rates.
Chaucer gave the upbeat prognosis for business conditions despite a 3 percent decrease in gross premium income during the first quarter,
The Lime Street insurer booked gross written premium income of £250mn in first quarter 2010, down slightly on the £257.8mn it wrote in the same period last year.
But, at constant exchange rates, premium...
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