Top Carrier Execs Predict Even Softer Market Turn
At a Standard & Poor’s Conference on Monday, three insurance executives spoke of a softening of the P/C insurance market, both in personal and commercial lines. Ramani Ayer, chairman and CEO of the Hartford Financial Services, Stephen Lilienthal, chairman and CEO of CAN Financial Group, and Charles Kavitsky, president of Allianz America agreed that premiums will decline and ultimately result in further consolidation. All three agreed, however, that prices would not reach the lows they did in the last soft market in the 1990s.
Published on June 5, 2007
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