Big ticket rate declines moderate amid profitability pressures

After years of persistent softening, rate reductions on open
market insurance business are slowing on Lime Street as carriers
start to push back.
A wide canvass of senior underwriting executives conducted by
this publication suggested the London market had largely shaken off
the double-digit reductions that have plagued big ticket business
for a number of years, with rates now trending down by between 5.0
and 7.5 percent in a number of core lines.
It is still a far cry from...