“COVID and the impact that it has had on the market, has come at a time when the market is already experiencing difficulties. And we believe COVID will only prolong and intensify the hardening of the market that had already started before it showed up,” he said. “So, we’re seeing positive rate movements across virtually all our classes of business.
“The level and the magnitude of the rate increases being achieved varies depending on the class of business itself. But, across our longtail segment in the first six months of the year, we saw almost 30% increases in rate movements