Property D&F rates flatten at 1 July

Early indications suggest the decline in property direct and
facultative (D&F) rates eased at 1 July as both binder and open
market business renewed between stable and 5 percent down.
Sources told The Insurance Insider
that London markets are pushing back on further rate reductions as
technical profitability comes increasingly under threat. This time
last year rate declines were comfortably in the double digits.
The renewal date coincides with the Lloyd's syndicate
business planning for 2018