Commercial insurance prices continue to rise marginally: Marsh

U.S.-based Marsh and McLennan Cos. Inc. said that global commercial insurance prices increased marginally on average in the second quarter, driven by property and financial and professional lines, Brink News reported. The insurance broker said that financial and professional lines pricing grew 3.3% on average while property pricing rose 2.3%. Global casualty pricing declined 1.4% in the second quarter. Commercial insurance pricing in the United Kingdom remained almost flat, in Continental Europe declined 1.5% while in Australia surged 13%, Marsh added.

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