Professional indemnity (PI) Professionals are passing on increases in PI rates to clients through higher audit fees

PropertyLittle or no competition in the property market, rendering …

Professional indemnity (PI) Professionals are passing on increases in PI rates to clients through higher audit fees

PropertyLittle or no competition in the property market, rendering it impossible to obtain a competitive price

Employers' liabilityDifficult, if not impossible to buy, particularly for companies with poor claims records

Product liabilityBecoming increasingly complex, with more and more exclusions Bermuda

Only a small number of Bermudian insurance companies have grown large enough to meet the complex needs of big business

Policy wordingDrastically tightened with increasing exclusions such as asbestos, terrorism, electro-magnetic radiation, pollution, product recall and earthquake

InsurersMaking excessive profits in the hard market, with little regard for relationships with policyholders, good risk management or clean claims records