Broker Exchange: Hard market issues exacerbated by "rowing back"of local decision making
Local decision making is being eroded as a result of the hard market, viewers of the first panel session of Broker Exchange heard.
Panelists also warned this could lead to another flurry of unrated offshore insurance providers entering the market to fill capacity gaps in distressed sectors.
In response to a question from the audience about was is impacting the current pricing environment, Airmic deputy CEO and technical director Julia Graham said: “I think there are different dynamics going on compared to different [hard] markets that we have lived through, and solvency and M&A have a role to play. But I think one of the
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