Business Insurance

Login  |  Register Subscribe

cbVid =

Soft market for insurance buyers: Marsh Australia

August 18, 2014 - 6:00am

Marsh Australia said insurance buyers in Australia are benefiting from soft market conditions and increased competition among insurers, Asia Insurance Review reported.

The report, Insurance Market Midyear Update, said a record level of capital in the re/insurance industry has increased competitive pressures among property insurers to extraordinary levels.

Companies are offering multi-year agreements and, as is usual in soft market cycles, "multi-line packaged deals have been negotiated,” the report said.

Read more


Get our daily Global Focus newsletter

Related Articles and Documents

QBE to raise $1.5B after U.S. storms lash profit

You may also want to visit

International Content