Thank you for sharing!

Your article was successfully shared with the contacts you provided.

U.S. property insurance rates are showing signs of softening partly due to increased capacity including growing interest from Chinese insurance companies, says an executive from Marsh. However, Chinese carriers’ willingness to pay claims in the face of a major loss event has yet to be tested.

During a webinar, “Midyear 2013 Insurance Market Update,” Duncan Ellis, Marsh’s U.S. property practice leader, says carriers continue to push for rate, but increased competition and capacity, as well as the lack of a major loss through the first half of this year has translated translates into rates being “flat or down in many cases.”

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.