The insurance industry will continue to see premium rates either flat or down by 10 percent, except for catastrophe risks in the United States, executives from Marsh said.
Using words such as “competitive” and “stable,” executives from Marsh, the insurance brokerage arm of New York-based Marsh & McLennan Companies, discussed the status of the current market and offered a glimpse of where the market could turn in 2007.
The observations came today during the insurance brokerage firm's continuing “New Reality of Risk” series Webcast. Titled “Insurance Market Update Fourth Quarter 2006,” the session discussed a range of markets including casualty, property, directors and officers, and reinsurance.
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