Carriers more willing to ‘walk away’ if profits inadequate

21-01-2019

Carriers more willing to ‘walk away’ if profits inadequate

iStock/ MarkRubens

After almost two decades of favourable buying conditions, 2017 and 2018 saw a change in the market dynamic whereby rates are increasing, and carriers are now willing to walk away from deals that do not deliver on acceptable levels of profitability, the chief executive of Australia-based broker Honan Insurance Group has claimed.


Honan Insurance Group, Australia, Profits, Andrew Fluitsma

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