NU Online News Service, April 23, 2:36 p.m. EDT

Over the last three months, London market insurers reported an average premium reduction of eight percent on renewal business for the commercial sector's directors and officers liability insurance, according to Willis Group Holdings.

The brokerage said the D&O market is expected to continue softening in the second quarter of 2009, with insurers predicting reductions in excess of six percent, in stark contrast to the D&O rates for financial institutions where rates are hardening.

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