Buyers of directors and officers insurance continue to see price breaks from non-U.S. insurers, according to a Willis survey.
The Willis Index is a quarterly market conditions survey of over 90 percent of D&O insurers from non-U.S. companies.
The London-based brokerage said that all insurers in the survey experienced a reduction in primary premium rates in the past three months, while 87 percent expect rates to decline in the coming three months.
The market held firmer for premiums written on an excess basis, but still 94 percent of insurers said they had experienced rate reductions written on that basis.
Regarding deductibles, 91 percent of the market said they had experienced no change over the past three months. Furthermore, 85 percent said they expect this trend to carry on through the third quarter.
Additional information can be found at www.willis.com/Extras/Publications.aspx.
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