Rates still decreasing but at slower rate in UK

Insurance rates in the UK continued to fall across all major lines of business in the first quarter of 2009, but at a slower rate than before, according to Marsh. The figures are based on business placed by Marsh, on behalf of large UK corporates, in what is traditionally the highest volume quarter of the year. They show that rates fell in both property and liability lines: on average, property rates fell by 0.5%, employers’ liability rates by 4% and public liability by 3.5%.