Insider View: London rate slowdown

That London market rate reductions are slowing is a clear
positive for the market.
But the development needs to be placed in perspective - because
when has offering the same cover for 7.5 percent less ever been
something to get excited about?
After years of softening, these rate reductions are compounding
and many classes must now surely be priced to breakeven, or even at
a loss. At best, pricing adequacy is marginal.
Big ticket business - especially in specialty lines...