Insight and Intelligence on the London & International Insurance Markets

4 February 2012

US Q2 surveys see commercial pricing hit by excess capacity

26 July 2010

The soft market conditions for US commercial insurance show no sign of abating as excess capacity continued to push down rates in Q2, according to a raft of research and comment last week.

Indeed, competition in the US property and casualty markets appeared to pick up pace in the second quarter, according to the Council of Insurance Agents & Brokers (CIAB) Q2 market index survey.

Renewal rates dropped by an average of 6 percent while terms and conditions also came...

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