Willis: FI insurance market shows signs of softening
Hard market for financial institutions insurance unlikely to last until end of 2010, according to Willis report
The hard market for financial institutions (FI) insurance, which has seen insurers push premiums up at renewal by a minimum of 10 to 15%, is unlikely to last until the end of 2010, according to Willis.
The latest Willis FI Index from Willis Group Holdings, published by Finex Global, shows that while insurers are still concerned about their 2007 and 2008 loss ratios and are, at present, underwriting very conservatively, the expected influx of new markets for 2010 will help to generate more
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