Property insurance rates down 5%: Marsh

Global property rates fell by 5 percent in the third quarter
according to big-three broker Marsh.It was the eleventh-successive quarter of rate decreases in the
property space, however the intermediary showed that the severity
of the reductions has increased in the past year.Marsh said the rate reductions were most pronounced in the
Asia-Pacific region where they were in excess of 7.5 percent,
whilst the US, UK and Continental Europe all saw reductions of
between 2.5 and 5 percent....