Smith Barney: Soft Pricing? Not Just Yet
NU Online News Service, Dec. 3, 4:13 p.m. EST?Overall, executives are finding that insurance market pricing is staying disciplined even as "absolute price increases" decelerate in some cases, according to remarks reported from an industry conference by the Smith Barney financial firm.[@@]
Analyst Ronald Frank in a research note reported that at the 12th Annual Bermuda Angle Conference, in Boca Raton, Brian Duperreault, chief executive at Bermuda-based ACE Limited, told the meeting that aviation renewals were "surprisingly disciplined" and that this trend is giving him "cause for optimism about overall market discipline."
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