March 9th, 2010

Portugal Property Renewals at 1/1

Posted at 10:00 AM ET

Property lines price changes were flat in the Portugal market. Motor and Marine excess of loss lines without losses were notable for their average price increases in a range from 15 percent to 25 percent. Earned premium income is still decreasing due to the economic recession. Capacity is readily available and consolidation is increasing the already high market concentration and competitiveness.

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