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.”

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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].