Insurance market remains weak, warns JLT
London-listed broker Jardine Lloyd Thompson (JLT) has warned that the insurance market remains weak in most sectors, despite an increasingly bullish tone on rates from insurance executives during the third quarter reporting season so far.
Although a consensus has emerged around hardening rates in US commercial lines, with companies such as Chubb and Travelers on the bandwagon, the situation with international markets is less encouraging, according to JLT.
In an interim management statement, the broker said: "The insurance rating environment...
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