Rational Market? How About 'Dumb' and 'Bizarre'?
Industry executives who described insurance and reinsurance markets as “rational” in the not-so-distant past are now using words like “dumb” and “bizarre” to characterize soft-market competitor moves happening faster than expected, and in unusual places. W. Robert Berkley, Jr., chief executive officer and president of W.R. Berkley Corporation, began his opening remarks on a first-quarter … Continued
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