Rates in the global insurance market are generally firming,according to the recently launched Marsh Risk Management GlobalInsurance Index. In the second quarter, renewal rates were up 1.4%from the same period last year.
The index tracks rate changes for Marsh clients in 20 majorcountries that renewed their casualty, property or financial andprofessional insurance coverage during the quarter.
In the U.S., the value of average property risk exposuresincreased 1.9% in the second quarter, compared with a 1.3% increasein the first quarter. Roughly 60% of U.S. companies saw an increasein their property rates.
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