Premiums across all financial, executive and professional lines of insurance are decreasing to the levels seen in 1999 and 2000–the low point of the last soft market, according to an insurance brokerage's survey of London market insurers.
Willis Group Holdings in London said its findings are based on a survey asking firms for their views on the underwriting market over the past three months and their predictions for the next three months for three lines.
The survey asked for comment on financial institutions, directors' and officers' liability and professional indemnity risks, and contacted London-based insurance companies.
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