Bloomberg News

Insurance Rates Rose 3% in 1H 2012, Lloyd’s of London CEO Says

September 26, 2012

Premium rates need to rise from current levels to maintain profitability, Lloyd’s CEO Richard Ward says on Bloomberg Television. * Premium rates in casualty and aviation insurance are at low levels meaning insurers are only making “marginal” profits in those classes: Ward * Insurers need to maintain price “discipline": Ward

To contact the reporter on this story: Kevin Crowley in London at kcrowley1@bloomberg.net

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net


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