Commercial property and casualty insurers continue to face abuyer's market, according to the April 2017 Market Update from the KansasCity-based brokerage Lockton Companies.

“Despite low interest rates, ample capital and growth from newentrants are keeping terms and conditions at competitive levels,”the Lockton report says. “Most clients are benefiting from therefined offerings and increased specialization in product offeringsfrom underwriters.”

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.
NOT FOR REPRINT

© 2024 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.

Elana Ashanti Jefferson

Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].