Rate tapering reaches the property market
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Rate tapering reaches the property market

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Underwriters and brokers have reported a cooler primary commercial property market at the current renewal, saying that competition among underwriters for better risks and “softer” occupancies has picked up, capacity has become more plentiful and firmer boundaries have been drawn between admitted and non-admitted risks.

Rates have continued to rise, but at a slower pace, with more deals getting done at concurrent pricing. Pressure on terms and conditions has also eased compared to a year ago.

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