RJ and Makay

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In lieu of the recent string of major natural catastrophes worldwide, insurers are now more selective in the capital they deploy and, in some cases, withdrawing from catastrophe-affected regions and loss-making business sectors, according to Marsh.  Forecasts for an active hurricane season, along with greater insurer discipline, is raising the potential for a changing market dynamic through the end of this year, according to a Marsh broker.

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Marsh has launched an index-based option, Country Weighted Industry Loss (CWIL), to provide protection for organizations with significant earthquake and/or windstorm exposure.  CWIL is available to Marsh clients in the United States and Europe.

A recent Insurance Journal article reported the soft commercial insurance market conditions persisted through the third quarter of 2010, with lower rates on average across major coverage lines.

According to a new report from broker Marsh, intense competition and overabundance of capacity continue to define the commercial insurance market, which is likely to remain stable into 2011 barring an unforeseen market-changing event.