Property D&F rates plateau at 1 April

Property direct and facultative (D&F) rates appear to be
bottoming out at the 1 April renewals, as carriers reach a point
where they cannot afford to concede further reductions.
Sources told The Insurance Insider
that in the latest round of renewals pricing on loss-free accounts
is coming in at flat or 5 percent down on the previous year.
"It feels that the D&F market is saying, enough is
enough," one London-based underwriting source said.
"We're at a point where we...