Robert P. Engles said...
(With respects to the US Market) We are seeing signs now that the insurance market is going to start to harden. Carriers are taking underwriting losses and are not making up the difference in investment income. Premiums have decreased substantially over the past 2 to 3 years. I beleive that we are going to see those premiums stabilize over the next 6 to 12 months and start to increase in the next 12 to 18 months. If we see an increase in domestic catastrophe's I beleive that it will expedite the hardening market.
Thank You,
Robert Engles
(623) 215-1380
REngles@MahoneyGroup.com
July 13, 2008 9:46 PM
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Monday, July 14, 2008
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