You are here:HomeNews CenterInsurance News2011London P/C Insurers Say Small Signs of Market Turn

London P/C Insurers Say Small Signs of Market Turn

Some London-based property/casualty insurers are hopeful about signs of a market turn. Robert Childs, chief underwriting officer at Hiscox, told BestWire that "there is just...
July 12, 2011

Some London-based property/casualty insurers are hopeful about signs of a market turn. Robert Childs, chief underwriting officer at Hiscox, told BestWire that "there is just the beginnings of a change." He said loss activity is producing some premium increases in property/catastrophe reinsurance in the United States, after earlier expectations that prices would fall toward the end of 2011. Childs said "we have seen the end of price reductions," which in itself is a turn-round.