European capacity still buoyant, says Marsh
Insurers are still vying for lucrative accounts and insurance capacity remains buoyant in Europe, the Middle East and Africa (EMEA), according to a new report published by Marsh.
The report Approach Your Risk with Clear Direction: 2011 EMEA Insurance Market Midyear Update noted that in some areas rates had increased and insurers had tightened their policy terms and conditions in the second quarter of this year.
It added that as a result, accounts with poor claims histories or with a significant proportion of catastrophe exposures were experiencing tougher market conditions.
Nick Bacon, CEO of Marsh's international placement operations commented: "While insurers are
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