The decline in directors' and officers' (D&O) rates will cease by the end of the year, Willis has predicted.
The broker said in its quarterly D&O report that the rate of premium reduction had slowed and that by the year end rates would have reached a "plateau".
In a survey of D&O insurers, all those questioned saw premiums fall over the last three months. But most witnessed falls of less than 10% - less than previously estimated.
Willis also said coverage was improving and "likely to be the broadest for some time" by the end of 2005.
It also predicted that the sector would continue to be a "buyer's market".
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
