Multi-speed market develops for excess casualty

Pricing for US excess casualty insurance remains
"lumpy", with some pockets still soft and other areas of
the market continuing to see rate increases, according to
underwriting sources.
Recent broker reports have painted a picture of a clear
buyer's market for the coverage, with some projecting rate
falls of up to 10 percent in 2016.
However, the movement of business between carriers as
underwriters move in and out of excess casualty lines or
re-underwrite their books has led to the...