Downstream shows signs of deceleration as big limits renew at 1.6 and 1.7
The downstream energy market is showing signs of pricing deceleration as it moves towards key 1 June and 1 July renewals, with appetite to participate on high-premium major accounts mitigating attempts to continue rating momentum, sources told this publication.
Sources said average risk-adjusted rate increases were coalescing in the mid-to-high single digits, having begun the year in the double digits.
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