NU Online News Service, Jan. 21, 2:53 p.m. EST
NEW YORK—If producers were hopeful that a turnaround in the soft market would take place this year, they will be sadly disappointed, as a combination of factors points to a continuation of the current conditions, said Chartis’ U.S. chief executive.
Speaking yesterday during the Professional Insurance Agents of New York’s (PIANY) MetroRAP (Metropolitan Regional Awareness Program) here, John Q. Doyle, president and chief executive officer of Chartis U.S. and executive vice president of Chartis Inc., said there is a combination of economic and insurance market factors conspiring to keep the current soft market intact through the rest of this year.
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