April 7th, 2009

Chart: U.S. 4/1 FOTs vs. Quotes

Posted at 12:58 AM ET

psupdate-2

For the national U.S. market as a whole, FOTs ended up at 94.8 percent of average quotes, about equal to the same ratio calculated at the January 1 renewal, indicating no change in the competitiveness of the market this year. Discounts were more pronounced for the Northeast, where higher-layer FOTs were discounted 8 percent to 10 percent relative to quotes, with lower layers at 10 percent to 12 percent discounts.

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