Discounted rates of up to 10 percent were available for crime,professional indemnity, and directors and officers insurance in thesecond quarter of 2006, according to a new survey by an insurancebroker.
The majority of London Market underwriters polled in the WillisIndex for Financial Institutions also suggested that terms for somemarkets in the next three months may become slightly less favorableto insureds.
In the Financial Institutions Index, Willis speculates that thereason why the market may become less favorable is that insurerscould seek to increase rates anticipating the cost of substantialsettlements for the large outstanding claims the market currentlyfaces.
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