Lancashire Insurance Company CEO Richard Brindle said he hears two extremes when executives talk about softening market conditions.
"Some people are just in denial, saying rates are only off 5 percent, which is frankly disingenuous," he noted. "Others are saying it's the end of the world. It's not that either. The market is not in meltdown."
During a third-quarter conference call, Lancashire's chief operating officer, Simon Burton, cited rate declines of 20 percent or more in many of the classes in which the company participates.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
