KANSAS CITY, Mo., April 20, 2017 /PRNewswire/ -- A new update from insurance broker Lockton shows abundant capital still remains in the commercial insurance market. Despite low interest rates, both ample capacity and growth from new entrants are keeping it a buyer's market.
Lockton's April 2017 P&C Market Update shows buyers are continuing to benefit from competitive terms, prices and options.
"We continue on the path of a marketplace that supports favorable pricing, coverage terms, and program structures that benefit many buyers," said Debbie Goldstine, Lockton's Excess Casualty Practice Leader.
This Market Update highlights the latest information on:
The free P&C Market Update is published in the spring, summer and at the end of the calendar year.
More than 6,000 professionals at Lockton provide 50,000 clients around the world with risk management, insurance, employee benefits consulting, and retirement services that improve their businesses. From its founding in 1966 in Kansas City, Missouri, Lockton has attracted entrepreneurial professionals who have driven its growth to become the largest privately held, independent insurance broker in the world and 9th largest overall.