Rate declines decelerate despite US woes: Marsh

Global rate reductions have moderated for the second consecutive
quarter despite accelerated declines in the US market, according to
big three broker Marsh.
In its latest Global Insurance Market Quarterly Briefing
released yesterday, the intermediary said rate reductions hit an
average of 3.6 percent worldwide in Q2 compared to 3.8 percent in
the previous quarter.
The second quarter marked the 13th consecutive quarter of rate
reductions.
However, the US market suffered a faster rate of decline a