Is The Hard Market Over? Not So Fast, Jardine Warns

Is The Hard Market Over? Not So Fast, Jardine Warns

Despite increased capacity in some insurance markets and a return to financial stability for many insurers, the overall pricing climate will remain hard through 2004, a major brokerage predicted.

In its latest state of the market report, “A Fragile Stability,” London-based Jardine Lloyd Thompson Group, plc, said it expects to see hard market conditions continue as the insurance market slowly continues its return to “stability.”