Insureds to break longstanding relationships: Marsh
Big three broker Marsh has warned insurers that some of its clients
may look to break longstanding relationships as the market shows
signs of flattening out.
US property practice leader Duncan Ellis said a plateauing in
reinsurance rates was likely to have a trickle-down effect for its
insurance clients.
"One second quarter briefing that I recently saw was
talking about the difficulty of completing a reinsurance programme
that was seeking greater than low-single-digit reductions, which of
course
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