Market is 'defying gravity' on rates and returns: Pryce

Carriers that manage to deliver any sort of return during the
current soft market are "defying gravity", according to
QBE Europe CEO Richard Pryce.Speaking on a leadership panel chaired by veteran broadcaster
Jonathan Dimbleby at the Airmic conference in Harrogate today (7
June), Pryce said carriers were struggling to deliver adequate
returns due to prolonged depressed rates.
The executive also warned that investors would not settle for
returns on equity at current levels.
He said cutting operat