International PI rates ‘approaching tip of the bell curve’
The international professional indemnity (PI) market is the latest line of business to show signs of decelerating rating momentum in the London market following several years of compound rate increases.
Sources told Insurance Insider that the line of business, which provides liability cover to professionals including architects, lawyers and accountants, was still registering healthy double-digit rate rises which were expected to continue throughout the year, but the rises were...
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