Aon: Large account rates continue to fall

Via National Underwriter, Aon reports rates fell by low single digits during first quarter, led by a 15% decrease in directors and officers pricing.

Down and downer

D&O’s decrease is accelerating. Aon’s graph sums it up. Click on the graph if you need to see it larger.

The accelerating decrease is not too surpising. That line always seems to be a harbinger, and the number of securities class actions – somthing of a harbinger for the harbinger – has been declining. D&O severity is also falling, Aon says.

Other lines realized smaller declines, as my table shows.

More downers

Most companies are buying the same limits as last year, except in Property and D&O, where companies are using some of the rate decline to buy more limit.

Aon forecasts the soft market to continue across the board through year-end. A pdf of the report is here.

Advertisements
Tagged

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: